Excerpt from Bloomberg quoting DataTrek’s Nick Colas:
…. “‘Buy American’ is back in vogue among U.S. equity investors after a years-long global diversification push failed to bear fruit.
Domestically focused equity mutual and exchange-traded funds have booked back-to-back months of inflows, while international funds traded in the U.S. have suffered outflows over the same stretch, according to DataTrek Research co-founder Nicholas Colas. It’s the first time since the trade war heated up in the middle of 2018 that withdrawals have hit non-U.S. oriented funds in consecutive months”….
Read the full article here on Bloomberg!