12:57:58 PM PDT - Wednesday, October 21st, 2020

BlackRock's Fink 'pretty bearish' on emerging markets  

By Editor - Fri Oct 16, 7:20 pm

BlackRock CEO Larry Fink said on Friday he believes emerging markets are on a downward slide as he sees strong macro trends weighing on the asset class. “I am pretty bearish on the emerging world,” Fink said at an online event hosted by the Institute of International Finance. “When we talk about climate change, and we think that’s a big issue and a reallocation of capital,” Fink said, “part of that reallocation of capital is movement out of the emerging world.”

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BlackRock's Fink 'pretty bearish' on emerging markets

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