BlackRock has found that an increasing number of clients are seeking to reduce their exposure to U.S. assets to increase diversification.

According to Jinse Finance, BlackRock, the world's largest asset management company, has found that its global clients' interest in reallocating assets from the U.S. to other markets is on the rise. Elaine Wu, Head of Investment and Portfolio Solutions for Asia Pacific at BlackRock, said at a media briefing in Hong Kong on Wednesday that a recent survey conducted by the firm showed that over 20% of clients are considering reducing their exposure to the U.S. market and the dollar. Wu stated, "A considerable number of people are following Asian equity allocations." However, she also added that other clients still maintain interest in the U.S. market, and those reducing their U.S. asset allocations may return in the future.