US equity funds vacuum up $2.1T since 2020 while Europe bleeds $426B

Global equity funds took in $89 billion last week, lifting four-week inflows to a record $266 billion, according to figures posted by @KobeissiLetter on X. US equity funds carried that surge, pulling in $32 billion of the weekly total on their own. The rest of the world's funds split what was left.

The longer arc is even lopsided. American equity funds have absorbed $2.1 trillion in inflows since 2020, with $1.5 trillion of that arriving just since the start of 2024. That means roughly seven of every ten dollars committed over the past five years showed up in the last two.

Emerging Market Asia equity funds have drawn $470 billion over the same stretch — about 4.5 times less than the US haul. European equity funds went backward, shedding $426 billion in outflows. The scoreboard, per @KobeissiLetter: capital keeps picking Wall Street.