American equities are losing their shine this year as global investors rethink portfolio strategies. While US markets still hold significant weight, capital is increasingly flowing toward international markets and emerging opportunities worldwide. This shift reflects a broader trend in 2025: diversification is becoming the name of the game. From European to Asian markets, investors are spreading their bets across different regions and asset classes. The appetite for alternatives beyond traditional US stocks suggests a maturation in investment approaches, with many looking to balance risk and capture growth wherever it emerges globally. Whether driven by valuation concerns, currency plays, or simply risk management, the move away from US equity concentration marks a notable pivot in how institutions and retail players are constructing their allocations.