Trump’s Trade War Spurs Clients to Pause Investments, PGIM Says

PGIM Chairman David Hunt said institutional investors paused allocation decisions and are reconsidering US exposure because of uncertainty created by President Donald Trump’s trade war.

The environment has led investors to sit on the sidelines, Hunt said Thursday in an interview with Bloomberg TV.

“Many clients are really putting allocations that they had planned on pause for the moment until there is more clarity,” he said in the interview.

The comments echo the views expressed by investors and money managers at the Milken Institute Global Conference in Beverly Hills last week. While some attendees ...