‘Buy America’ to ‘bye America’: Why investors are looking beyond US stocks
US investors are increasingly moving money out of domestic equities and into overseas markets, signalling a shift away from the long-dominant “buy America” trade as returns from Big Tech moderate and global markets outperform.Data from LSEG/Lipper shows US-domiciled investors have withdrawn about $75 billion from US equity products over the past six months, including $52…