Morningstar Indexes: Global equity market integration challenges investment assumptions

Lines between ‘domestic' and ‘foreign' allocations are increasingly blurred. Just 22% of revenues from the UK equity market are sourced from within the UK, as of the most recent corporate reporting, down from 29% in 2019. The UK is hardly an outlier. According to Morningstar Indexes' latest geographic revenues research, the majority of equity markets, including the US, Japan, Canada, Australia and most of Western Europe, have become more global in their revenue orientation since 2019. Flows into global sustainable funds slow in Q3 as AUM drops 4.2% This runs counter to the narrativ...