THE INVESTORDispatch No. 001
He knows.
And he's all in.
Overseas investors are piling into US stocks at a pace never seen before. The Investor has been watching. The Investor has been buying.
$21.3 Trillion · And counting
"Yes."
The Numbers Don't Blink
63%
Foreign allocation to US equities
2×
Since the 2008 financial crisis
+10pp
Above the Dot-Com peak
~40%
Long-term historical average
$21.3T
Held in US stocks & equity funds
+170%
Foreign holdings since 2020
The Thesis
Foreign investors now allocate a record 63% of their US financial assets to equities. This is not a trend. This is a tide.
That percentage has more than doubled since the 2008 Financial Crisis — and surpassed the 2000 Dot-Com Bubble peak by roughly 10 percentage points.
The long-term average sits near 40%. We are far above water. The Investor floats anyway.
Foreign investors now own a record $21.3 trillion in US stocks and equity funds — surging +170% since 2020.
Foreign investors are doubling down on US markets.
"I have seen the charts. I have seen the flows. I am not concerned."
— The Investor