An interesting article in the FT this morning – investors are selling out of Spanish equity funds at the highest rate in three years. Given that events last weekend will take some time to feed through into yet further redemptions, I think you can expect any dedicated Spanish funds you hold to take a beating along with the IBEX…https://www.ft.com/content/6ec520cc-aa91-11e7-93c5-648314d2c72c
Interesting to note that ETF outflows have been relatively muted
May take ETF investors a little longer to bail out of Spain. Selling ETFs involve costs, like shares, and there may be a reluctance to leave ahead of time. However it looks like the news from the weekend is now spilling out more generally into European equity markets.
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