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BlackRock downgrades global stocks to 'neutral'

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The world's largest asset manager, BlackRock, has downgraded global equities to "neutral".

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...

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