European Stock ETFs Post First Positive Month Since the Iran War Started
European stock exchange-traded funds (ETFs) recorded a month of positive net flows in July, their first since the US-Iran conflict began in late February, according to Bloomberg data.
The return of capital signals renewed investor appetite for the region. A strong earnings season and easing oil prices have restored Europe's appeal as a hedge against volatile technology stocks.
Investor Money Returns to Europe
BlackRock highlighted that its European equities products attracted $4.4 billion in July. The asset manager described the flows as evidence of anti-momentum allocations away from volatile chipmaker stocks.
A July sell-off in global semiconductor stocks had pushed investors toward regions less tied to technology and artificial intelligence stocks. Europe emerged as a favored destination.
Strong corporate results reinforced the shift. Companies in the Stoxx Europe 600 are on track for 22% year-on-year earnings growth in the second quarter, the strongest since 2022.
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