US economy can definitely withstand tax hikes, BlackRock s Rick Rieder says CNN 4 days ago By Matt Egan, CNN Business © Lucas Jackson//.Reuters Rick Rieder, BlackRock s Chief Investment Officer of Global Fixed Income, speaks during a Reuters investment summit in New York City, U.S., November 7, 2019. REUTERS/Lucas Jackson
As business leaders warn about the risks of a corporate tax hike, the world s largest asset manager is decidedly unfazed. The resurgent US economy can handle it, BlackRock executive Rick Rieder told CNN Business.
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The White House is laying the groundwork for lifting the corporate tax rate above its current level of 21% to help pay for an ambitious infrastructure package. The business community is warning that a business tax hike, the first since 1993, would threaten the recovery from the pandemic.
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Investment Conundrums: Dimensional s Plecha on why fixed income is as effective now as it has ever been
Showing resilience in the face of the pandemic
Dave Plecha of Dimensional Fund Advisors
Dimensional s systematic fixed income range has reversed some of the positioning that cushioned its funds exposure to volatility in bond markets at the outbreak of the coronavirus pandemic last year, with credit and duration exposure being tightened, according to global head of fixed income Dave Plecha.
Plecha, who spearheads the $601bn AUM firm s quantitative and systematic fixed income offering, said Dimensional s broadest bond market funds had been lightening up on credit in response to the narrowing.