The outflow from global equity funds during the first half of 2016 is the highest on record according to a Global Equity Strategy research note published by HSBC earlier this week.
Concerns about the state of the global economy, market volatility and the prospect of Brexit have all weighed on investor sentiment so far this year driving money towards safe-haven US bonds.
European Hedge Funds Hit Amid Brexit Volatility
Sentiment has become so weak since Brexit that in Europe, funds registered the fourth highest weekly outflow in nine years for the week ending June 29. According to HSBC’s data, the three other occasions where outflows have reached such levels have been similar periods of heightened uncertainty — the 2008 financial crisis,...
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