The European region leads ETF net outflows on Wednesday session as markets trade with a risk off tone and volatility rises. The daily netflow captured by Bloomberg shows -$145 million as it records outflows of $275 million
Looking into the regional securities, the decline is led by the Euro Stoxx Bank ETF, recording outflows of $27.4 million, the largest daily outflow since November
High-yield corporate bond and financial sector ETFs follow the Stoxx Bank ETF, with netflows showing declines above $20 million on the day
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