Yahoo Finance’s Ines Ferré discusses $5 billion in outflows moving from U.S. equities to European and emerging markets and into luxury stocks, in particular. Video Transcript [AUDIO LOGO] Stay ahead of the market RACHELLE AKUFFO: All right, well, we’re starting this hour with our eye on equities, as 2023 shows a reversal in trends among investors who are now turning to non-US assets. That’s according to Goldman Sachs. We have Yahoo Finance’s Ines Ferré here with the details. And where investors are actually shifting regions that might want to keep an eye on. So Ines, what are we watching? INES FERRÉ: Yeah, Rachelle, well, Goldman Sachs analysts have been taking a look at outflows over the last several weeks. And in the first two weeks of January, they saw some $5 billion in outflows into stock funds in Europe– into Europe, into China, and other emerging markets. And that’s because of a weaker dollar. It’s also because of commodity prices that have been falling so that’s bullish for Europe, for example. And then over, of course, the optimism over the re-opening of China. And so for a while, investors were only looking at US assets and investing in US […]
U.S. investors see opportunity in global luxury stocks
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