1203 GMT - UBS calculates that the shift out of U.S. equities could drive 1.2 trillion euros in capital inflows into European equities in the next five years. This would provide tailwinds for the European diversified financials sector, UBS adds. International investors are expected to reduce their overweight U.S. equity positions, analyst Michael Werner says. Reasons for this include concerns about U.S. policymaking, questions on the future roles of the Fed and the judicial system, and the impact of U.S. tariff policies. The most important reason is the declining value of the dollar. The greenback has already become 8% weaker since the start of the year. The flows are expected to be front-loaded, immediately benefiting exchanges and platforms through elevated trading activity, he adds. Public and private asset managers will benefit with a lag. (elena.vardon@wsj.com)
(END) Dow Jones Newswires
June 03, 2025 08:03 ET (12:03 GMT)
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