The world’s biggest asset manager, BlackRock, called out oil stocks, domestic tourism and debt in China and India as investment opportunities in its Asia outlook
The BlackRock logo is seen outside of its offices in New York City, U.S., October 17, 2016. REUTERS/Brendan McDermid
The manager of $6.5 trillion in assets expects it may be 2022 at the earliest before global growth returns to trend but said in a statement outlining its regional outlook that “Asia stands out” as a beneficiary when the recovery arrives. He said state-owned businesses were favoured in the investment grade category and the real estate sector preferred in the high-yield category, while India’s quasi-sovereign debt and bonds funding renewable energy also presented opportunities.
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