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BlackRock takes a cautious stance on equities as risks loom

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Gold is good as a diversifier when volatility rises, says Mr Koesterich.

Singapore

BLACKROCK has turned somewhat more cautious on equities, raising its fixed-income exposure and adding to gold holdings in its global allocation fund.

The firm's managing director Russ Koesterich says there are several risks that are yet to be priced into markets. These

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