The Last Time Money Fled U.S. Stocks, Emerging Markets Won for a Decade... But This Time Around, 'EM' Means Taiwan Semi and Samsung.
Active investors pulled $284 billion from U.S. stocks over the past year. The last time this happened, emerging markets crushed the S&P 500 for a decade. But today's EM index is stacked with names like TSMC, Samsung, and SK hynix, the same AI supply chain driving U.S. markets higher.
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