FTFM European asset managers have suffered a "complete collapse" in support for equity funds amid a "sea of redemptions" for almost all asset classes, according to fresh data from Lipper Feri Fund Market Information.
European investors withdrew a net €26bn (£20bn, $38bn) from collective vehicles in November, Feri found. Stripping out ultra-safe, low margin, money market funds, net redemptions ballooned to €45bn during the month.
