News Snapshot:
BlackRock has put its overweight outlook on Chinese assets “under review”, with soaring Covid cases and mounting concerns about Beijing’s ties to Russia prompting the world’s biggest asset manager to reconsider its view on the world’s second largest economy. “There are more questions now,” Jean Boivin, head of the BlackRock Investment Institute told Financial News. BlackRock’s investment unit, which generates proprietary research on the global economy, markets, geopolitics and long-term asset allocation, upgraded its tactical view of Chinese equities in September, moving from neutral to modestly overweight for the next six to 12 months. However, China has recently experienced a...
