Franklin CEO Says Some Institutional Investors Are Ditching US Stocks

Franklin Resources Inc. Chief Executive Officer Jenny Johnson said President Donald Trump’s tariffs are leading some large foreign investors to shift their money away from US markets.

“You definitely see non-Americans reducing — on the institutional side — some of their exposure to US equities,” Johnson, whose firm manages $1.6 trillion in assets, said Thursday in a Bloomberg TV interview. “We’ve seen that a bit.”