New Zealand wealth fund bets European stocks will beat US over coming decade
Move by world’s best performing SWF signals asset owners’ loss of confidence in long-term outlook for US equities
Related reading
European investors switch attention to emerging market ETFs
Developing world stocks outperform US as dollar languishes at three-year lows
Investors flock to ‘ex-US’ stock funds in drive to diversify
Funds that exclude US stocks are attracting record inflows as investors ‘rebalance’ their exposure
Any tidal shift of investors away from the US will take time
Despite a stock rally, it is still unwise to assume the view of investors of America is not changing
Emerging markets defy investor gloom to outshine developed world
Currencies, bonds and stocks rally as global fund managers diversify away from dollar assets
US exceptionalism in markets is diminished — but far from dead
If weakness emerges in American assets, it will show up more in the dollar, not stocks.
How to manage US asset dominance in portfolios
Dollar hedges will continue to be in demand but investors may have to consider other options too