India remains BlackRock’s largest ‘overweight’

SINGAPORE (Sept 7): Blackrock says India remains its largest “overweight” in terms of credit while it continues to be “overweight” and “neutral” in Indonesia and China respectively.

In a Wednesday report, BlackRock says it continues to be constructive in taking risk and is “overweight” both in credit and in duration in select local bond markets, with expectations that supply in the primary market will pick up. As such, the fund manager has begun accumulating cash in anticipation of such an event.

“A cautious Fed and extended global monetary easing have led to a prolonged period of the hunt for yield,” BlackRock notes.

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