As U.S. Markets Climb, American Dollars are Crossing the Atlantic
As U.S. Markets Climb, American Dollars are Crossing the Atlantic (CNBC)
More American money has gone toward investing in European stocks than any year since 1977, according to Goldman Sachs. In the first half of this year alone, U.S. investors poured $65 billion into European equities. So why are investors looking across the pond? It can’t be for better returns this year, as the S&P 500 is up 18.4 percent this year, while the continent’s best-performing market has been France, with its CAC up 13.1 percent. Two reasons float to the surface then: diversification, plain and simple; or playing the bottom, betting on larger returns when Europe comes back. So which type of investor are you? Someone who’s staring the gift bull in the mouth, or someone who’s rolling the dice in Europe?