Morningstar survey shows asset owners lift U.S. asset exposure despite policy concerns

• Morningstar survey shows asset owners raised U.S. exposure, with 31% increasing allocations versus 24% cutting, reversing 2025’s net reduction.
• Private markets allocation seen rising to 23% of AUM within five years from 19%, led by Europe targeting 25%.
• Top AI-related portfolio risks flagged: valuation and capex pressure at 73%, market concentration at 65%, mega-cap provider dependence at 63%.
• Inflation ranked the leading global investment issue at 76%, followed by the generative AI landscape at 71%.
• ESG integration in North America rose to 43% from 37%, while Europe fell to 43% from 48%.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Morningstar Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260916280708) on September 16, 2026, and is solely responsible for the information contained therein.