Foreign Investors Funnel $1.4 Trillion into U.S. Assets as Stock Market Dominance Endures

According to reports from JPMorgan Chase and Deutsche Bank released in late June, foreign investors have channeled a net $1.4 trillion into U.S. assets over the past 12 months through April 2026, contradicting predictions of "selling America" that had circulated among investors a year earlier.

The U.S. stock market remains the world's largest by market capitalization, accounting for approximately 50% of global equity markets as of June 2026. JPMorgan strategist Michael Cembalest noted that American companies maintain higher returns on assets and shareholder equity compared to European, Japanese, and Chinese peers. Additionally, six key indicators measuring the U.S. dollar's status as the global reserve currency—including cross-border lending shares, foreign exchange reserves, and international payment volumes through SWIFT—have remained largely stable, with no material shift toward competing currencies.