Investors are creating a “barbell effect” in fixed income markets by opting for low-cost exchange traded funds and alternative assets rather than traditional bond funds, BlackRock chief executive Larry Fink said on Monday.
As the world’s largest money manager announced a new high of $10.6tn in assets under management, Fink pointed to record inflows to BlackRock’s ETF products as well as high levels of client interest in infrastructure products that invest in energy and data centres.
“Assets are in motion” as investors still sitting on huge cash piles prepare for a US rate cut as early as September, and realise that they have missed a big equity rally this year, Fink said.
您已閱讀21%（678字），剩余79%（2612字）包含更多重要信息，訂閱以繼續(xù)探索完整內(nèi)容，并享受更多專屬服務(wù)。