Trade, political tensions 'remain uncertainties in H2'
BlackRock says it is thus reducing risk and being defensive in its portfolios
Singapore
HEIGHTENED trade and geopolitical tensions have dimmed the near-term outlook for the global economy, despite an increasingly accommodative stance from central banks (including the US Federal Reserve) and little signs of financial imbalances, BlackRock has said.
Given such an investment climate, the asset manager has reduced risk across its portfolios and turned to positioning them more defensively, not only in Asia and emerging markets, but globally.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
TikTok tells advertisers: ‘We are not backing down’
EV automakers get reprieve in US tax credit rules
Nomura, Mizuho face losses on All Blue fund’s failed trades
Stablecoin Tether steps up monitoring in bid to combat illicit finance
HSBC asked by US$890 billion investor group to set energy goal
BHP’s biggest rivals sit on the sidelines of Anglo M&A drama