BlackRock Inc. (NYSE:BLK), the world’s largest asset manager, reaffirmed its view that U.S. assets remain central to global portfolios, even as Moody’s recent U.S. credit downgrade and April’s synchronized drops in stocks, Treasuries and the dollar raised investor concerns about their long-term appeal.
In a note shared Monday, Jean Boivin, head of the BlackRock Investment Institute, said the downgrade merely “reinforces the U.S. fiscal sustainability challenge” but does not alter the firm’s core allocation strategy.
“We still see U.S. assets as core to portfolios,” Boivin said, citing structural forces that keep the U.S. market at the heart of global capital allocation.
Why Does BlackRock Still Back U.S. Assets?
The key reasons BlackRock continues to favor U.S. assets lie in the composition of the global capital …