BlackRock fixed income investment chief Rick Rieder oversees $2.7 trillion in assets.
Rieder told Insider he s reversed many of his moves from a year ago as the world has changed.
He explained his current thinking, including bets on stocks and ditching a lot of useless low-yield bonds.
So much can happen in a year that markets have turned around 180 degrees from this time in 2020, according to BlackRock bond chief Rick Rieder.
Twelve months ago, investors were expecting an environment of slow but steady economic growth and their biggest worries included uncertainty tied to the upcoming presidential elections and the cooled-off trade war.
BlackRock has authorized two of its funds to invest in bitcoin futures, according to filings with the SEC. The two funds are: BlackRock Strategic Income Opportunities
BlackRock opens two funds to bitcoin investments citywireselector.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from citywireselector.com Daily Mail and Mail on Sunday newspapers.
Christine Benz: And I m Christine Benz, director of personal finance for Morningstar, Inc.
On this week’s episode we’ll feature some of our favorite clips from interviews we’ve done with portfolio managers.
We’ll start this best-of episode on an obvious subject: The coronavirus pandemic. When we spoke with Allianz’s chief economic advisor, Mohamed El-Erian, in March 2020, the public health emergency had triggered a full-blown economic and financial crisis. At that very fraught moment, we asked Dr. El-Erian what he thought the correct fiscal and monetary policy response was and here’s what he had to say: