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ETF Focus: Fearing EU collapse, investors run from France ETF ahead of election

Ahead of one of the most pivotal French elections in recent memory, investors are so uncertain about what the outcome will be—and what it will mean for markets—that they are simply staying away.

The iShares MSCI France ETF EWQ, -0.44% the largest exchange-traded fund to track the French equity market, has seen outflows of $57.4 million over the past session, according to FactSet. That’s the largest one-day redemption for the fund since December 2013, and it single-handedly reduced the fund’s assets by more than 12%. The ETF currently has $409.2 million in assets.

The outflows have come despite price gains; the fund is up nearly 7% thus far this year, including a 1% rise this week, which came on the back of some strong corporate results.

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