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Monday, February 13, 2012

Fink Now Pushes Staff Towards Equities

News summary by MFWire's editors

Last week, Larry Fink urged investors to stay on the equities wagon. On Friday, BlackRock Inc.'s chief also called on his own rank and file to place their bets on the asset class, Bloomberg reports.

Its important to get cash off the sidelines and back into the markets so people can get the returns they need and we can get our economies moving again, Fink reportedly told the asset-management firm's employees in Beijing. "Too many people are underweight equities, and one of things I'm trying to do is get people to think about the opportunities they're missing, with valuations at these levels," Fink said in Beijing. 

Edited by: HFD


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