TechFlow, September 18 — According to Jinshi Data, Mercer Consulting analysis indicates that Trump's efforts to restructure the global trade system and pressure the Federal Reserve to cut interest rates are prompting investors to reduce their allocations to U.S. assets. Hooman Kaveh, Mercer's New York-based global chief investment officer, revealed that 3,900 clients under its management—representing a total of $17 trillion in assets—are continuously shifting capital from the U.S. to other markets such as Europe and Japan.
The outflow stems from concerns over tariff policies, Trump’s interference with the Fed, rising deficits, and expectations of a weaker dollar. "A second Trump term has become a true catalyst for genuine portfolio diversification," Kaveh said in an interview this week. "We are clearly seeing client portfolios moving toward diversified markets, regions, asset classes, and currencies."
