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BlackRock Investment Institute 'modestly positive' on risk assets for 2020

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BlackRock Investment Institute said on Tuesday it was cautiously rotating into cyclical assets, Japanese equities and emerging markets.

“We are modestly positive on risk assets," said Scott Thiel, chief fixed income strategist for BlackRock Investment Institute, citing as reasons a nudge higher in growth in the first half of 2020 and an

improvement in the"mood music" around protectionism.BlackRock was turning neutral on U.S. equities, was modestly underweight European equities and underweight European government bonds, said the firm at a media briefing.

 

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