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BlackRock says dipping toes back into Chinese equity market By Reuters

by Mike Robinson

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© Reuters. FILEPHOTO: This is the BlackRock logo outside its New York City office, U.S.A, on October 17, 2016. REUTERS/Brendan McDermid/File Photo

LONDON (Reuters) – The world’s largest asset manager BlackRock (NYSE:) has said it is dipping its toes back into Chinese equity markets following their heavy falls this year and on bets that Beijing will soon start providing stimulus again.

In a weekly note, the ‘Investment Institute” strategists at BlackRock stated that they are “dipping a toe into Chinese equities.”

“This call is partly rooted in our expectation for incremental near-term easing via three policy levers – monetary, fiscal and regulatory – with growth slowdown likely having reached a level that policy makers cannot ignore.”

Fusion Media also stated that it would shift its strategy on emerging market debt to avoid “modest overeating”.

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