Despite no return for long time, MF still invest in record numbers. Previously investors might have panicked but slowly behavior is changing and started to think in long term returns
Overseas investors’ allocation to US equities hit a RECORD 61%.
This share is now 7 percentage points above the 2000 Dot-Com bubble peak.
By comparison, at the Great Financial Crisis low, it was 25%.
This is what saves US weak macros & funds their Current account deficit