Investors are increasingly scrutinising the implications of de-globalisation as trade fragmentation, geopolitical risks and shifting industrial policies prompt a rethink of cross-border capital flows. According to strategists, the era of free flowing global capital may be giving way to a ‘bringing-it-home’ approach where firms and investors favour local/regional markets over globally diversified portfolios. The trend could reshape asset-allocation strategies, with implications for emerging markets, currencies, and growth prospects. While the shift is gradual, early signs suggest global investment flows may start to reflect this structural change.