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2025-09-18 11:53:39
Mercer LLC, an investment advisory firm, says clients are withdrawing from US assets as Trump's policy risks accelerate diversification. Donald Trump's reshaping of global trade and pressure on the Federal Reserve to cut interest rates are prompting investors to reduce their exposure to US assets. The New York-based investment advisory firm has 3,900 clients and manages $17 trillion. Hooman Kaveh, the firm's global chief investment officer, said clients are increasingly shifting funds from the US to Europe, Japan, and elsewhere. The outflow of funds is driven by investor concerns about tariffs, Trump's pressure on the Federal Reserve, rising deficits, and the prospect of a weaker dollar.
