Sovereign funds pile into US AI as emerging-market inflows hit a seven-year low

Sovereign wealth funds are now putting more than half their capital into the United States, with AI companies the main draw.

Data from research firm Global SWF show government investors allocated 20-30% of capital to the US from 2018 onward; that share jumped to 52% in 2025 and 58% in the first half of 2026. Assets invested in North America reached $154 billion in 2025, half of these institutions' total investment.

Over the same period, investment in emerging economies such as China and India fell to $50 billion, a seven-year low, and stayed at $25 billion in the first half of 2026. Foreign investment into China dropped from $344.1 billion in 2021 to $42.6 billion in 2024, recovering to $80 billion in 2025 but still low, with a prolonged property slump and tighter foreign-investment regulation cited as causes.

The figures come via a Nikkei Asia report translated by Taiwan's CNA; they reflect a single research firm's methodology, which has not been independently verified, so treat them as a gauge rather than an audited conclusion.