A $6 Trillion Reason to Buy Into Asian Equities: Taking Stock
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If BlackRock Inc. chief executive officer Larry Fink is right and global stocks are poised for a “melt up” scenario, several of Asia’s markets may be candidates to help lead that charge.
Most participants are still underinvested in the markets globally, Fink said in an interview with CNBC Tuesday after his company reported earnings. “We have a risk of a melt up, not a melt down,” he said. The head of the world’s largest investment firm, with $6 trillion of assets under management, said “huge pools of money” is sitting on the sidelines as investors haven’t rushed back into equities even as the stock market bounced back this year.