Pacific Investment Management said that as the Trump administration becomes more protectionist, US financial assets may “repeat the mistakes of Britain and emerging markets.” Marc Seidner and Pramol Dhawan wrote in a report published on Thursday that “rapid changes in US policy pose a challenge for investors accustomed to the global financial system based on US markets and assets.”

Pacific Investment Management said that as the Trump administration becomes more protectionist, US financial assets may “repeat the mistakes of Britain and emerging markets.” Marc Seidner and Pramol Dhawan wrote in a report published on Thursday that “rapid changes in US policy pose a challenge for investors accustomed to the global financial system based on US markets and assets.”