European stock funds enjoyed their largest weekly inflows since late-2015 after French elections over the weekend calmed nerves that the eurozone’s second largest economy could be headed out of the bloc.
Investors added $2.4bn to funds that invest in Western European stocks in the week to April 26, up nearly four-fold from a week prior, according to data from EPFR.
The fresh money, which buoyed this year’s inflows to the asset class to $7.4bn, follows elections in France on Sunday in which independent centrist Emmanuel Macron and far-right candidate Marine Le Pen secured enough votes to go head-to-head in a run-off on May 7.
Mr Macron, who has supported European integration, is leading Ms Le Pen 64-37 in an FT poll of polls.
Overall, investors ploughed more than $21bn into equity funds across the globe in the last week, the largest weekly addition since last November.