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

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...