European investors offload everything bar bonds in August

European-domiciled long-term funds experienced €6.6bn of net outflows in August, reflecting negative investor sentiment caused by economic uncertainty and inflation not falling as hoped. Equity funds experienced net outflows totalling €1.3bn last month, the second-worst monthly result since October 2022, according to data from Morningstar. Year-to-date, equity strategies have enjoyed inflows of €19.9bn. Active funds saw the majority of the outflows, shedding €11.8bn in the period, while passive equity funds attracted €10.5bn. However, fixed income funds had their tenth positive mon...