Global Investors Shift Away from U.S. Assets, Favoring International Equities
Bank of America''s June fund manager survey reveals a stark preference for international stocks over U.S. assets, with less than 25% of respondents expecting American investments to outperform through 2030. Emerging markets, Eurozone equities, and banks are now the primary targets for capital allocation.
The iShares MSCI All-Country World Index ex-US ETF (ACWX) has surged 15% in 2025, dwarfing the S&P 500''s 2.6% gain. This marks ACWX''s largest outperformance since its 2008 inception, confirming a tangible rotation away from U.S. markets.
Dollar positioning has collapsed to 20-year lows as investors pivot to gold and emerging markets. The shift reflects growing skepticism toward U.S. economic policies, particularly the TRUMP administration''s aggressive trade stance.