The dollar is 'going out of fashion' for investors: what would be the new world economic order
Portafolio Journalist 02.21.2026 09:13 Updated: 02.21.2026 10:50
TL;DR
- Investors are reducing exposure to the dollar and US stocks.
- Capital is increasing in international assets, particularly in Europe and Japan.
- US trade policies have raised doubts about the relative strength of US assets.
- European and Japanese stock funds have attracted significantly more capital than US funds this year.
- The S&P 500 has underperformed international indices.
- A dollar indicator has fallen significantly since the end of 2024.
- Emerging market commodity producers may benefit from increased demand linked to AI.
- Investors are showing less exposure to China and India.
- Recent movements indicate a transition in international capital flows, favoring diversification outside the US.