BlackRock raises tactical outlook on equities to "overweight"

Reuters

Published Dec 14, 2020 16:23

LONDON (Reuters) - The BlackRock (NYSE:BLK) 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."