Europe, including Italy, strongly supports the American economy with massive investments. Today, more than half of European equities funds are invested on Wall Street, with only 30% remaining on the continent. Italy is also affected by this trend, as a significant number of funds administered by Italian operators are "foreign-owned," which means they are domiciled in Ireland and Luxembourg, the two most competitive markets. However, Italy occupies the fourth position in the European Union in terms of fund ownership, with a total of 6.8%, following Germany, France, and Luxembourg. This position is noteworthy; however, it also underscores the paradox of a system that entrusts the administration of its savings to funds that are established abroad and that are increasingly inclined to invest outside of Europe, thereby penalizing European companies. Brussels has responded to this circumstance by initiating the "Savings and Investment Union," a strategic initiative designed to reestablish capital and confidence in the European economy.