The world’s biggest asset manager is “turning up the risk dial” by doubling down on US equities and artificial intelligence exposure across its $185 billion model-portfolio platform, according to an investment outlook viewed by Bloomberg.
Best-in-class US earnings performance has BlackRock Inc. upping its exposure to US stocks at the expense of international developed stocks in its model suite, the outlook showed. After the changes, the portfolios are now 2% overweight equities. Billions of dollars flowed between corresponding BlackRock exchange-traded funds on Tuesday as the asset manager adjusted its allocations, data compiled by Bloomberg shows.
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