Funds Shifting Away From US Assets Due to Trump, Mercer Says

Stock market information on the floor of the New York Stock Exchange (NYSE) in New York, US. Donald Trump’s efforts to rewire global trade and pressure the Federal Reserve into cutting interest rates are prompting investors to trim their US exposure, according to Mercer LLC. A growing number of the investment consulting firm’s 3,900 clients overseeing a combined $17 trillion are switching money from the US to Europe, Japan and elsewhere, said Hooman Kaveh, global chief investment officer at the New York- ...