US investors redirect billions to emerging markets, Europe and Japan
A pronounced pullback from U.S. equity funds has sent roughly $75 billion abroad over six months, with $52 billion leaving since January 2026. Flows are concentrating in emerging-market and overseas equities — notably South Korea, Brazil, Japan and Europe — driven by valuation gaps, a weaker dollar, policy and tariff rhetoric and a surge in AI‑hardware demand that has amplified reallocations into Asia.