Big European funders dump Euro assets

Some of Europe's biggest fund managers have confirmed they are dumping euro assets amid rising fears over a possible Greek exit from the Eurozone and single currency turmoil.

The Euro's sudden fall this month caught many investors by surprise. Europe's single currency has lost 5 per cent in the past three weeks after barely moving against the US dollar for much of the year. On Thursday, the euro hit a fresh 22-month low at $1.2514 ... READ MORE

Released by the Financial Times - 29 May 2012