Going back over the last 12 months, the data also showed
Credit Suisse's funds, which Morningstar counts as either
open-ended fund and exchange-traded funds, had seen money
exiting every month apart from one.
($1 = 0.9127 euros)
<^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
Turmoil triggered record withdrawal from Credit Suisse funds ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>
(Reporting by Marc Jones; Editing by Amanda Cooper and Louise
Heavens)
(Adds chart and detail of Credit Suisse fund outflows)
By Marc Jones
LONDON, April 21 (Reuters) - Credit Suisse saw investors
pull a record 4.6 billion euros ($5.04 billion) out of its
funds at the height of the bank's troubles last month, data
published on Friday showed.
The data from Morningstar covered the whole of March, when a
potential collapse of Credit Suisse saw Switzerland's financial
authorities orchestrate its emergency takeover by rival UBS .
The data also showed that Swisscanto, another Swiss asset
manager, saw the second-largest inflow of funds after iShares in
March, with an estimated 6.2 billion euros pouring in.
Overall, Europe-domiciled long-term funds experienced the
first combined monthly outflow since November.
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