BlackRock, Ark lower fee for planned spot bitcoin ETFs
(Reuters) -BlackRock and Ark Investment Management on Wednesday lowered the fees for their proposed spot bitcoin exchange traded funds (ETFs), looking to undercut almost a dozen other competitors racing to launch such…
BlackRock cuts back on China exposure on macro, geopolitical concerns
LONDON – BlackRock trimmed its exposure to Chinese stocks and government bonds, and Asian fixed income more widely, to neutral from a slight overweight, citing a worsening macroeconomic outlook as well as…
Blackrock sees opportunity for three new renewable energy funds
SAO PAULO – Blackrock Inc’s CEO Larry Fink said on Wednesday the world’s biggest asset manager forecasts the launch of three infrastructure funds focused on renewable energy, as the war in Ukraine…
Exclusive: BlackRock plans first China ETF product this year -sources
By Selena Li HONG KONG – BlackRock Inc plans to launch its first product in China’s $220 billion onshore exchange-traded fund (ETF) market later this year and has started hiring staff accordingly,…
U.S. recession not imminent despite yield curve inversion, BlackRock executive says
NEW YORK – A U.S. recession is not imminent despite the inversion of a part of the U.S. Treasury yield curve which has been “artificially pressured” by some investors, BlackRock Inc, the…
BlackRock on hunt for Gulf infrastructure deals
By Saeed Azhar DUBAI – BlackRock Inc, the world’s biggest money manager, is seeking more infrastructure deals in Saudi Arabia and the Gulf region and is also looking to invest in private…
BlackRock favors U.S., Japanese equities vs European
(Reuters) – BlackRock said on Monday in a market strategy research note that it now favors U.S. and Japanese equities over European stocks due to energy shock related to Russia’s invasion of…
Insurer AIG says BlackRock will manage part of life and retirement unit’s assets
(Reuters) – Insurer American International Group Inc said BlackRock Inc, the world’s largest asset manager, will manage $60 billion of its global investment portfolio and up to $90 billion of assets on…
BlackRock says working to ensure clients can exit Russian securities
– Top asset manager BlackRock Inc said on Tuesday it is consulting with regulators, index providers and other market participants “to help ensure our clients can exit their positions in Russian securities”…
BlackRock says it is monitoring regulatory guidelines as Russia invades Ukraine
– BlackRock Inc said on Thursday it is “monitoring the guidelines issued by regulators” after Russia invaded Ukraine. Asked about the potential impact on its investments and policies, a spokesman for the…
Blackrock increases its strategic overweight on equities
– Asset manager Blackrock said on Tuesday that it has increased its strategic overweight on equities, as an early-2022 selloff created “compelling opportunity.” “We see the combination of low real rates, strong…
BlackRock raises stake in scandal-hit French care group Orpea’s capital
PARIS -Asset manager BlackRock crossed the 5% threshold in scandal-hit French elderly care home operator Orpea folllowing the purchase of shares on and off the market, stock market watchdog AMF said in…
BlackRock pledges to help clients navigate, shape net-zero transition
By Simon Jessop and Ross Kerber LONDON – The world’s biggest asset manager BlackRock said it will increase the products and services it offers to help investors “navigate, drive and invent” the…
Consumer Group Warns Governors About BlackRock Retirement Funds Relying On Chinese Companies
A consumer group has sent letters to multiple governors warning them about their states’ pension funds relying on an investment corporation with strong ties to China. Consumer’s Research distributed a report to…
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