MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Tuesday, November 19, 2013 Fink Has a Lot to Say About the Markets Let it never be said that Larry Fink doesn't know how to make a point, or five or six or seven, on television. The chief executive officer of BlackRock sat before Bloomberg television cameras and had plenty to say on a wide variety of subjects, including oversight of equities, the Volcker Rule, the health of the markets in general, and the potential need for reverse great rotation. On the subject of the reverse great rotation, MarketWatch quotes him telling Bloomberg television that "We are going to start seeing pension funds selling equities and buying bonds. If people are going to have a formula as to how they do asset allocations, they have to stick with it. There is going to be some pressure into year-end on this rebalancing." However, he remained largely positive on the stock market." Printed from: MFWire.com/story.asp?s=46796 Copyright 2013, InvestmentWires, Inc. All Rights Reserved |