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BlackRock is finding that more and more customers are seeking to reduce their exposure to U.S. assets to diversify their allocation."

BlackRock, the world's largest asset manager, has found that its global customers are increasingly interested in shifting asset allocation from the United States to other markets, Internet reports. Elaine Wu, head of investment and portfolio solutions for BlackRock's Asia Pacific region, said at a media briefing in Hong Kong on Wednesday that a recent survey by the company showed that more than 20% of its clients said they were considering reducing exposure to the U.S. market and the U.S. dollar. "There is a considerable number of people who are looking at Asian equity allocation," Wu said. However, she added that other customers remain interested in the U.S. market, and those who reduce their U.S. asset allocation may return in the future.

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