Investors Pull $11 billion out of 10 Largest European ETFs YTD
According to an S&P Global Market Intelligence’s ETF report, investors have pulled out $11 billion from the 10 largest European equity exchange traded funds YTD through June 15 due to their concern about the impact of Britain’s upcoming vote on European Union membership.
“Vanguard FTSE Europe, the largest of the European based ETFs with $12.68 billion in assets had the third highest year to date outflows of $1.06 billion.”
Vanguard FTSE Europe, the largest of the European based ETFs with $12.68 billion in assets had the third highest year to date outflows of $1.06 billion. The fund has a 31.4% stake in United Kingdom domiciled securities including HSBC Holdings and Royal Dutch Shell.
Related Reports: Reuters
What sets Vanguard apart – and lets Vanguard put investors first around the world – is the ownership structure of The Vanguard Group, Inc., in the United States. Rather than being publicly traded or owned by a small group of individuals, The Vanguard Group is owned by Vanguard’s US-domiciled funds and exchange-traded funds (ETFs). Those funds, in turn, are owned by their investors. This unique mutual structure aligns our interests with those of our investors and drives the culture, philosophy and policies throughout the Vanguard organisation worldwide.
In the UK, Vanguard leverages the scale, experience and resources of our established global business. Vanguard’s ownership structure means that our clients don’t have to worry that we’ll be acquired. The company they invest with today will continue to serve them in the future.
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