Bloomberg Talks Robinhood Head of Investment Strategy Stephanie Guild Talks European Equities
Jan 26, 2026
Stephanie Guild, Chief Investment Officer at Robinhood Markets, offers a quick take on retail investor behavior and equity flows. She discusses the surge in European equity ETP demand and why U.S. users stick to familiar tech and AI themes. Short shifts in rates and incentives could broaden winners beyond post-COVID tech.
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Surge In European Equity ETP Demand
- European equity ETPs saw a 'decade in a year' of inflows driven by repatriation and diversification demand.
- Investors sought Europe to diversify from US/AI exposure and to regain historical regional balance.
Platform Users Prefer Familiar Tech Bets
- Robinhood's US customers remained largely US-focused and favored tech and AI exposure over international allocations.
- Stephanie Guild attributes this to investors preferring what they know and long-term secular tech stories.
Past Market Regimes Shape Allocation
- Generational experience with market regimes shapes investor allocations; many haven’t seen value outperform growth.
- Stephanie Guild notes rising rates and policy shifts may broaden leadership beyond tech over time.