BlackRock Sees ‘Powerful’ Drivers for Emerging Europe Stocks
- Stimulus, vaccinations seen boosting emerging Europe earnings
- Strains with West may hurt Russian stocks, money manager says
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BlackRock Inc., the world’s biggest asset manager, sees a “powerful mix” of drivers for stocks in Europe’s emerging markets, including Covid-19 shot roll outs, stimulus measures and easy financial conditions.
Valuations and investor presence in emerging European stocks remain “extremely low” and it’s time investors pay more attention to this equity class, Chris Colunga, co-manager of BlackRock’s 617 million euro ($748 million) Emerging Europe fund said in emailed comments.