Trade, political tensions 'remain uncertainties in H2'

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.