European investors are opting out of equity funds, selling €2.1bn ($2bn) worth in June, according to a report by Schroder Salomon Smith Barney's (SSSB) equity research group.

This is the highest number since September 2001, when €12.6bn worth of equity funds were sold. The survey shows that outflows were most significant in Italy and Spain, where investors sold €1.7bn worth of equity funds in June. The report covers France, Germany, Italy, the Netherlands, Spain, Sweden and UK.

European equity fund outflows for June are highest since 2001

Pirkko Juntunen

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