His comments, made to the U.K.'s Daily Mail, came on the same day as a «raft
of dismal economic news from around the world, with manufacturing output
falling in Britain and Europe, unemployment jumping in the
eurozone and America, and fast - emerging economies such as Brazil and China showing signs
of running
out of steam.»
Other Europe ETFs also
fell out of favor in 2016, including the iShares MSCI
Eurozone ETF (EZU), with outflows
of $ 6.7 billion; and the Vanguard FTSE Europe ETF (VGK), with outflows
of $ 3.5 billion.