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
and Nasdaq Composite
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
Investors pay close attention to New York-based BlackRock’s
views given its enormous size and presence in financial…