BlackRock European Equity Products See $4.4B Net Inflow in July

European equities attract $4.4B net inflow to BlackRock products in July as investors seek diversification amid tech sector volatility and strong earnings growth.

Woofun AI reports that BlackRock's European equity products recorded a net capital inflow of $4.4 billion in July. This marks the first net inflow for European stock ETFs since the US-Iran conflict began in late February. Major indices, including the Stoxx Europe 600, DAX, FTSE 100, and CAC 40, reached new highs. FactSet data indicates Stoxx Europe 600 companies expect 22% year-on-year profit growth in Q2, the highest rate since 2022. Morgan Stanley strategist Marina Zavolock noted that strong earnings are driving portfolio diversification into European stocks, particularly as global semiconductor sell-offs in July shifted attention away from tech-heavy markets.