BlackRock’s Fisher reassures markets after S&P downgrade
The firm’s global CIO for fixed income says the firm won’t be a foreseller of US Treasuries and its portfolio rebalancing is miniscule. But BoA Merrill warns of a potential tipping point.
The world’s largest asset manager, BlackRock, has moved to reassure markets following Standard & Poor’s US ratings downgrade, confirming it will not be foreseller of US Treasuries and saying its portfolio rebalancing will be negligible.
Peter Fisher, the firm’s global chief investment officer for fixed income, was speaking to AsianInvestor from New York as markets were just opening across Asia-Pacific.
By close last night all Asian stock markets finished in the red bar Pakis…
Sign In to Your Account
Access Exclusive AsianInvestor Content!
Please sign in to your subscription to unlock full access to our premium AI resources.
Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial—no registration fees required. Click the link to get started.
Note: This free trial is a one-time offer.
¬ Haymarket Media Limited. All rights reserved.