Step aside US active managers you have some competition from European funds! But first to Asia.
Foreign investors are on course to withdraw nearly $8 billion from Asian markets in November, after a huge sell-off since Republican Donald Trump won the U.S. presidential race.
Net fund outflows for the month up to Nov. 24 jumped to $7.8 billion, with selling across all Asian markets, according to HSBC data. The large outflows were probably on account of high fund holdings in these markets, it said.
Taiwan was the top loser with $3.1 billion, followed by India with $1.7 billion. Among ASEAN countries, Thailand witnessed the most outflow of $850 million.
Indonesia replaced Taiwan as...
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