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BlackRock downgrades global stocks to 'neutral'
Published Wed, Jun 1, 2016 · 09:50 PM
Singapore
THE world's largest asset manager, BlackRock, has downgraded global equities to "neutral".
"The growing likelihood of an imminent Fed rate increase and more elevated US valuations warrant short-term caution," said global chief investment strategist Richard Turnill in a weekly note.
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