Bloomberg News

BlackRock’s Fink Not Seeing Great Rotation Out of Fixed Income

April 16, 2013

BlackRock Inc. (BLK:US)’s Laurence D. Fink, chief executive officer of the world’s biggest money manager, said he is not seeing a ‘great rotation’ out of fixed income as global and high-yield bonds continue to attract investors seeking to boost returns.

Investors are shifting money from cash to equities, although they are still cautious about the stock market, Fink said today on a conference call discussing first-quarter earnings.

To contact the editor responsible for this story: Sree Vidya Bhaktavatsalam at sbhaktavatsa@bloomberg.net


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Companies Mentioned

  • BLK
    (BlackRock Inc)
    • $347.71 USD
    • 1.35
    • 0.39%
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