Although President Donald Trump said his aggressive tariff strategy presented this week, Will Make the markets “boom”, This is still led to the route when US stock markets suffering from the worst week since March 2020 and more Pain is probably on the way. And this is sending ultra-account investors to seek asylum from a financial storm abroad.
Average tariff speed even higher than the 1930s“This means that there is no modern precedent who predicts an economic blow,” says Larry Adam, Chief Investment Director James. US markets conduct tankers afterwards, and analysts, including JPMorgan, have Bell bell signal About the potential recession this year. A Premically and exclusivity The US is now questioned.
Investors respond accordingly. Concerned by the consequences of tariffs and other steps of Trump administration, which can harm the growth in the US – for example, as a science effort across the country – the high pure value and investors of the family office rethink their positions, at least in the short term.
“We are seeing an increasing interest among a family office with a high network in diversification of part of its portfolios outside the United States,” says John Ulin, a private wealth consultant in Ulin & Co. Wealth Management. “This tendency is largely due to problems about the uncertainty of policy and potential economic or market interruptions.”
Of course, many of these wealthy investors already have significant investments and real estate abroad, especially those born in another country or somewhere has double citizenship. But the uncertainty that now suffers from the US economy makes them double, looking for the best growth opportunities and hedges abroad. Currently, Ulina’s team tilts more international portfolios than we “to move the trade war that leaves domestic rallies and markets.”
“For their international investment, it is not only diversification, but also serves as a currency hedge and provides access to government bonds and stocks that may be unavailable in US markets,” Ulin says.
On Thursday, the Goldman Sachs representatives said they were watching Trump’s movements closely. Many of their ultra -high pure (UHNW) customers ask for recommendations, although they have not yet escaped from US shares. But this year, non-US shares have exceeded, and wider diversification is the goal for the firm. However, the firm will be bullish on us long -term, given the country’s ability to innovate.
“There is still a certain belief that even if everything looks cloudy in the US … The United States may end better than other countries on the other side of the tariffs,” said Elizabeth Burton, a senior client investment strategist.
Given this, many UHNW customers thought to move money from the US before the so -called Trump’s release. For example, Europe may be more attractive, given the increase in defense costs. In Asia, India attracts Goldman’s attention.
“So long, long in the US, and especially the great CAP US, it was the right investment,” said Matt Gibson, head Goldman Goldman Client Solutions Group. “Many of our customers in the 4th quarter (2024), as they saw how the elections were taking place and so on, began to think about whether to do this trade correctly.”
The tariff uncertainty encourages these conversations to exceed.
“The world has changed financially over the last three months,” said Mark Nahman, head of the Goldman’s global asset management and wealth. “Our customer conversations now include … How should we think about these tariffs? How should they make us rethink how we allocate all our assets?”
Originally this story was presented on Fortune.com
https://fortune.com/img-assets/wp-content/uploads/2025/04/GettyImages-2207682220-e1743774462768.jpg?resize=1200,600
2025-04-04 14:02:00
Alicia Adamczyk
