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 include "tail events" such as the challenges facing the US administration in terms of economic policy, monetary policy risk in the US and Europe and the risk that the US economy falls short of expectations.
"We do think (US)...
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