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Investing.com-- Janus Henderson is considering a potential reduction in its exposure to U.S. assets amid heightened volatility and uncertainty over President Donald Trump’s economic policies, Bloomberg reported on Wednesday.
The asset manager could reduce 10% of its assets under management reallocated from U.S. assets amid growing doubts over U.S. exceptionalism, Bloomberg reported, citing an email interview with Ali Dibadj, chief executive officer of Janus Henderson Investors.
Janus Henderson held about $378.7 billion client assets under management as of end-2024, with North America accounting for 62% of its total AUM, the company’s website showed.
Dibadj told Bloomberg that money could move into Asia, China, Europe, and the Middle East from the United States.
His comments come amid growing aversion towards U.S. markets, especially in the wake of volatility stemming from uncertainty over Trump’s policies.
Trump’s plans for reciprocal trade tariffs- which were unveiled earlier this month- wiped out a collective $10 trillion in global market capitalization, with his backtracking on some measures sparking limited recovery. Trump still sparked a bitter trade war with China, imposing 145% tariffs against the country.
The dollar slid to three-year lows in April, while Treasury prices tanked, also reflecting heightened aversion towards U.S. assets.
The S&P 500 is trading down about 10% so far in 2025, with Trump’s latest attack against the Federal Reserve also sparking recent losses. While the President did temper some of his rhetoric against the Fed and China, investors remained on edge over his next move.