'Cautious' wealth managers reduce exposure to US following Trump's return

The investment consultancy said the geopolitical and macroeconomic backdrop shaped by the early months of Trump's return led many firms to reassess exposure to US assets. The survey looked at the last 12 months and found a "cautions tone" when it came to investing in US assets. Sentiment was 4% net negative to US assets compared to 36% net positive a year ago.  While the net sentiment towards equities overall remained positive at 29% this has also softened from 40% in Q1 last year. Bonds suffered the biggest drop in sentiment; it was down to 29% from 44% net positive a year ago. Th...