Global investors have pour a record $520 billion into US equities over the last 12 months. This surpasses the previous all time high seen in 2021 by ~$30 billion. By comparison, emerging market stocks saw $220 billion of net inflows, or 57% less. Furthermore, developed markets excluding the US attracted just $20 billion in inflows. As a result, foreign holdings now reflect 59% of US financial assets, officially breaking above the 2000 Dot-Com Bubble peak. Investors are piling into US stocks
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