Major Northern European investors are growing more cautious about exposure to U.S. assets amid rising geopolitical tensions, according to pension fund executives, signaling a widening move away from the world's largest financial market.

A top investment adviser, three pension funds and ‍a leading industry body told Reuters the risk premium attached to holding U.S. assets had also gone up in part because of worries about the nation's finances.

Pension industry leaders and investment chiefs from Finland, Sweden and Denmark said they viewed β€ŒU.S. foreign policy uncertainty and White House debt levels as a threat to the dollar, U.S.

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