Equity funds are down 4.3 billion euros in Morningstar’s monthly statistics.
(Photo: dpa)
Frankfurt The war in Ukraine and its consequences have had a lasting negative impact on investor sentiment, as the fund data company Morningstar has calculated. After that, investors sold funds set up in Europe for a net amount of 1.6 billion euros in March – the strongest retreat in two years. Money market products are not included here.
Morningstar analyst Valerio Baselli knows: “Investors became particularly cautious because of the Russian invasion of Ukraine and a possible escalation, growing concerns about an economic slowdown and rising fears of inflation.” .”
Equity funds are in the monthly statistics with a minus of 4.3 billion euros. Products investing in Europe and the euro zone were hit harder than average because of their proximity to the war region. Sales of bond funds even reached 4.7 billion euros. March was the third straight month of outflows, a reflection of rising market interest rates as inflation strengthened.
Read on now
Get access to this and every other article in the
Web and in our app free of charge for 4 weeks.
Continue
Read on now
Get access to this and every other article in the
Web and in our app free of charge for 4 weeks.
Continue