In contrast, US asset managers are winning a greater share of European assets and now manage nearly half of European assets at 47 per cent, up from 40 per cent five years ago, according to Brussels-based think-tank Bruegel.
He noted that American groups such as BlackRock and Vanguard have been “propelled by their consolidation of the region’s [exchange traded funds] market, now 64 per cent under American control”.
https://en.wikipedia.org/wiki/Exchange-traded_fund
Not to forget that the ETFs do the voting and control the board and management.
Wait, but Europeans are probably holding significant shares of said investment corporations… Did they take that into account?
EU becoming the vassal state of US interests, this is what happens when the people of Europe fail to invest in their own interests
No it isn’t. It has always been since its formation.
The people of the USA have a lot more money to invest. We need our money to pay for US tech after all.
I doubt that the people of Europe who invest in ETFs actually care what they are investing in.
That’s the problem. If the ETFs have more than 50% they can tell the European companies e.g. to use American hyperscalers or to build new plants outside of the EU.
