Blackrock investment title in bullish mood amid signs of solid growth in the US and China

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

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;

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