Europe holds an estimated $10.4 trillion invested across United States financial markets.
European pension funds, insurers, and asset managers account for nearly half of foreign capital in US equities.
Market data shows European investors hold around 49% of all foreign-owned US stocks.
Analysts say Wall Street’s long-running rally has relied heavily on sustained European inflows.
This dependency has drawn fresh attention amid rising political and trade tensions.
Former US president Donald Trump has renewed tariff threats against multiple European countries.
The comments have unsettled institutional investors with large US exposure.
Asset managers report a growing shift in sentiment among European clients.
We see more and more clients wanting to diversify away from the United States.
Vincent Mortier said.
We noticed that this trend started in April 2025, but it somewhat accelerated this week.
Mortier said.
Amundi, Europe’s largest asset manager, flagged increased interest in regional and Asian assets.