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BlackRock’s Boivin says firm is dipping its toes in Chinese assets amid ‘pro-risk’ stance despite market jitters

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BlackRock Inc.’s Jean Boivin says his firm is “dipping our toes” in Chinese assets amid a tactically “pro-risk” stance, despite recent market jitters.

In a note released on Monday, the head of BlackRock Investment Institute and others said they’re remaining pro-risk given a broadening economic restart, and that the firm is testing Chinese assets “in the context of very small client allocations.” The comments came as the S&P 500
SPX,
-0.11%

and Nasdaq Composite
COMP,
-0.41%

indexes appeared to be headed for their worst month in almost a year, driven largely by the Fed’s desire to taper bond purchases soon and recent concerns about troubled Chinese developer Evergrande Group
3333,
+8.05%
.

Investors pay close attention to New York-based BlackRock’s
BLK,
-0.14%

views given its enormous size and presence in financial…

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