Estimated read time: Less than a minute
This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.
LONDON (Reuters) — The BlackRock Investment Institute said on Monday it upgraded its 6-12 months asset class outlook on equities to "overweight."
"We expect the restart to re-accelerate and rates to stay low," Jean Boivin, head of the BII wrote in a note to clients.
"We like a barbell approach: quality stocks balanced with selected cyclical exposures."
On a long-term strategic view, BII maintained its "neutral" position.
(Reporting by Karin Strohecker; Editing by Rachel Armstrong)
© Copyright Thomson Reuters 2020
