Posted Apr 22, 2020, 6:45 amUpdated Apr 22, 2020 @ 9:06 am
An unprecedented hemorrhage. European open funds had nearly 290 billion euros in outflows in March, a historic record, according to Morningstar data provided exclusively to “Les Echos”. Active or passive funds, ESG or not, all have recorded outflows, often massive, over the past month. “The collapse of the markets pushed investors to sell everything to raise cash,” sums up Ali Masarwah, in charge of analyzing this data at Morningstar. Enough to put pressure on a sector which has benefited from favorable winds in recent years thanks to the continuous rise in the markets.
The bond in the front line
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