World's largest asset manager upgrades Europe to 'overweight' as fund inflows rise

Mark Battersby
clock • 2 min read

BlackRock has given the thumbs up to prospects in Europe with an upbeat view of the region in its investment Institute mid-year outlook for global markets. Wei Li, global chief investment strategist at BlackRock Investment Institute, said in a media briefing on 7 July to launch the institute's 2021 Midyear Outlook report that "the powerful economic restart is broadening, with Europe and other major economies catching up with the US. "We expect a higher inflation regime in the medium term - with a more muted monetary response than in the past. Tactical implication: We go overweight Eur...

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