Investment consulting company Mercer says customers are withdrawing U.S. assets, Trump policy risks accelerate diversification.

Mercer LLC stated that Donald Trump's reshaping of global trade and pressuring the Federal Reserve to cut interest rates has prompted investors to reduce their exposure to US assets. The New York-based investment consulting firm has 3,900 clients and manages a total of $17 trillion in funds. The company's global chief investment officer, Hooman Kaveh, said that more and more clients are moving funds from the US to Europe, Japan, and other places. The reasons for the outflow of funds from the US are concerns about tariffs, Trump's pressure on the Federal Reserve, rising deficits, and the outlook for a weaker dollar.