European equity funds see largest weekly inflows since late-2015

Omkar Godbole FXStreet Contributor

As per FT report, European stock funds enjoyed their largest weekly inflows since late-2015 on French election relief.

“Investors added $2.4bn to funds that invest in Western European stocks in the week to April 26, up nearly fourfold from a week prior”, the report says.

Macron, who supports European integration, came out victorious in the first round of the French elections. More importantly, Macron maintains a healthy lead and is seen beating the anti-EU candidate Marine Le Pen in the second round by a big margin.

The increased fund flow into European stocks clearly explains the surge in the EUR pairs seen this week.

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

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