Skip to content
Subscriber Only

‘America First’ No More as New Billions Flow Into World Markets

  • Europe, EM stocks see inflows as U.S. shares post withdrawals
  • Brighter trade outlook and growth hopes are driving shift

Faith in the world-conquering, relentless, sure-thing America First trade is fraying on bets world markets will turn the corner in 2020.

Risky assets outside the U.S. are seeing fresh flows as optimism over a trade deal buoys expectations for global growth. Stocks in Europe just took in money for a fourth straight week and emerging markets notched the strongest buying in 41 weeks, according to a Bank of America Corp. report citing EPFR Global data.