Salient to Investors:
Laurence Fink at BlackRock said investors will continue to put money into passive stock products rather than active funds as they get back into equities. Fink expects the economy to pick up in half2 2013.
US stock mutual funds attracted $14.8 billion in new money last week, the most since at least 2007. Investors poured more than six times as much money into BlackRock’s stock ETFs as bond ETFs in the Q4 2012.
Read the full article at http://www.bloomberg.com/news/2013-01-17/blackrock-s-fink-sees-investors-getting-into-stocks-through-etfs.html.