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Investors dump equity funds and turn to lower risk assets

Nordea's Head of Funds expects Sweden to follow global investors' pattern if the current market turmoil continues throughout the second half of 2019.

Head of Nordea Funds Sweden Maria Rengefors. | Photo: PR / NORDEA

Investors pulled tens of billions of dollars from equities and risky corporate debt in recent weeks, writes The Financial Times.

The financial media writes that equity mutual funds and exchange traded funds worldwide suffered USD 24.5bn in outflows for the week ending Wednesday, August 7, making it the worst seven-day stretch of the year. High-yield bond funds saw the biggest weekly outflow since December.

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