ETF investors have pumped more than $180 million into Austria stocks year to date, shrugging off concerns over the recent election of a nationalist.
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As the Trump rally continues to widen the gap between US and ex-US valuations, ETF investors are flocking to cheaper exposures abroad.
Investors have piled more than $1.3 billion into ETFs tracking French companies since March, hoping for the country’s newest and youngest President to cut taxes.
There was a clear increase in investor confidence in December, with money flowing into European, global and US equity ETFs, while emerging market equities suffered outflows on the back of worries about a potential negative impact of Donald Trump’s presidency.