Goldman Sachs executive says investors look to diversify as US imposes tariffs

Reuters
04 Apr
Goldman Sachs executive says investors look to diversify as US imposes tariffs

NEW YORK, April 3 (Reuters) - Large investors are looking for ways to diversify their allocations geographically, but are mostly sticking with their U.S. assets for now, said an executive at Goldman Sachs GS.N.

"Large allocators are reluctant so far ... but they are concerned," said Marc Nachmann, global head of asset and wealth management at Goldman Sachs.

He was referring to concerns over U.S. trade policies fueled by U.S. President Donald Trump's imposition of sweeping global tariffs.

(Reporting by Davide Barbuscia, editing by Lananh Nguyen)

((Davide.Barbuscia@thomsonreuters.com; +1 917 285 3067;))

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