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Investing.com -- BlackRock Inc (NYSE:BLK)., the world’s largest asset manager, is seeing growing interest from global clients in diversifying beyond U.S. markets and the dollar.
According to a recent survey, more than 20% of BlackRock’s clients indicated they plan to reduce their exposure to U.S. markets, said Elaine Wu, head of Asia-Pacific investment and portfolio solutions, during a media briefing in Hong Kong on Wednesday.
"There was a pretty good amount of people that were looking to Asia equity positioning," Wu noted, though she mentioned that some clients remain interested in the U.S. market and those reducing exposure might return in the future.
While BlackRock continues to view the U.S. as a core component of its global portfolio, the firm is recommending clients consider incremental capital allocation toward diversification across regions, sectors and asset classes, Wu explained.
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