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Money Pours Into European Stocks As ‘US Exceptionalism’ Slams Into Reverse
It started with performance. Now it's manifesting in flows.
The reversal of the "US exceptionalism" trade in stocks just resulted in a stark flows juxtaposition which saw Europe-focused equity ETFs and mutual funds enjoying one of their largest weekly inflows in years (the rolling five-week haul's the biggest since August of 2015) and US-focused funds their biggest weekly exodus of 2025.
Admittedly, "exodus" is a misnomer in the context of the outflow from US shares. A $2.5 billion net outflow
Europe might be a good place to sit out the volatility in US markets (assuming the war in Ukraine does not escalate, which it very easily could).