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Investors Rush To Buy European Stocks And Emerging Market Debt After Macron Win

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Rupert Hargreaves
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Following the French election, investors plowed a record amount of cash into European equities according to Bank of America Merrill Lynch’s weekly flow show report. In what can only be described as a complete 180 by BAML investors, $6.1 billion flowed into European equities following Macron’s win, the largest weekly flow for European stocks on record. As shown in the chart below, the only other time flows came close to reaching this level was the beginning of 2015 when the ECB began its quantitative easing program. Emerging Market debt is also hot again with investors.

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BoA: Emerging Market Debt and...

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Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for Hedge Fund Alpha