BlackRock’s Rick Rieder Bets on Emerging Markets After U.S. Election
- The New York-based investor says crypto also worth considering
- Rieder stayed up on election night to trade well into evening
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Emerging markets are an attractive investment opportunity in the event of a Joe Biden presidency and a Republican-controlled Senate, according to the world’s largest money manager.
Rick Rieder, the chief investment officer of global fixed income at BlackRock Inc., said developing-nation assets look more appealing in this low-rate world and could also benefit from a more moderate leader in the White House.