Skip to content
Subscriber Only

BlackRock CEO Fink Says He’s Bearish on Emerging World

  • Covid-19 pandemic, climate change hitting some areas hardest
  • Fund company chief speaks at IIF’s virtual annual meeting
Updated on

BlackRock Inc. Chief Executive Officer Larry Fink said he sees major macroeconomic trends weighing on emerging markets.

“I am pretty bearish on the emerging world,” Fink said Friday at the Institute of International Finance annual membership meeting, held virtually. BlackRock, with $7.81 trillion in assets as of Sept. 30, is the world’s biggest asset manager.