An $83 billion investor stampede shows scale of Europe's woes

Europe's woes have grown particularly acute in recent months as the region stares down the threat of a recession just as its central bank embarks on an aggressive campaign to tame inflation

War, a winter of energy rationing, a coming recession that could outlast any American one. Oh, and a newly hawkish ECB. How Europe will surmount its mountain of troubles is anyone’s guess —and investors aren’t sticking around to find out.
 

Money managers yanked $3.4 billion from European stock funds in the week through Sept. 7, taking total outflows in the past six months to $83 billion, according to Deutsche Bank AG citing EPFR Global data. Among those fleeing is BlackRock and the region’s largest asset manager Amundi SA. Analysts at Bank of America Corp. and JPMorgan Chase & Co slashed