Bloomberg Surveillance · Monday, July 13, 2026
Market drift has led many investors to be overweight in the US, but a growing trend shows European investors deliberately seeking European exposure for diversification. This bias, potentially driven by nationalism or a need for diversification, has increased in the last six months.
“What's interesting because I guess market drift has made most investors very much overweight the US and I think two things that we are seeing. Number One, we see that just for the basic need. Of diversification, diversification from the dollar, diversification geographically, people are much more deliberately looking at European exposure for that reason.”
“And two, we do tend to see a European bias from European investors, and interestingly that's actually grown. In the last six months. Maybe it's nationalism, maybe it's fear off as I said, and need for diversification, but we do see conviction of Europeans towards Europe.”