Blackrock investment title in bullish mood amid signs of solid growth in the US and China
Blackrock has strengthened its position as & # 39; the world's largest fund manager by sucking in an additional £ 50 billion to give the total assets of £ 5 trillion
Markets were able to rise strongly with signs of solid growth in the US and China, according to the head of investment titan Blackrock.
Better economic data and a pause in interest rate rises ensure & # 39; Goldilocks & # 39; preconditions for a revival, Larry Fink said when Blackrock strengthened its position as the world's largest fund manager by raising an additional £ 50 billion to give £ 5 trillion in total assets.
Fink said that many major investors are waiting for signs of solid growth before they pump money into shares.
He said: & # 39; There is too much global pessimism. There is still a lot of money on the sidelines and I think you will see investors returning money in shares. & # 39;
Blackrock has also raised the alarm about climate change.
Richard Turnill, chief investment strategist, said: “Decisive actions to curb CO2 emissions can limit damage. Climate change is an increasing risk that investors cannot afford to ignore. & # 39;