Salient to Investors:
Laurence D. Fink at BlackRock said we have not seen any large major change in attitude in bonds are not seeing the same investor appetite for long-dated bonds, which will persist for some time. Fink sees no evidence of a large-scale rotation into stocks from bonds as global and high-yield bonds continue to attract investors – investors are moving money from low-yielding cash accounts into equities but remain cautious about the stock market.
ICI says assets of ETFs, the fastest-growing segment of the asset-management business, in the US increased 19 percent to $1.4 trillion versus a 0.5 percent rise for mutual funds to $13.5 trillion.
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