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BlackRock downgrades global stocks to 'neutral'

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Published Wed, Jun 1, 2016 · 09:50 PM

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    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.

    BlackRock

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