BlackRock Says Bonds Hated by Wall Street Are Coming Back in Vogue
- Portfolio manager Rupert Harrison has been boosting exposure
- Omicron puts the market in ‘holding pattern’ amid unknowns
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An ever-popular call on Wall Street to pare sovereign debt holdings in the age of inflation is getting short shrift at BlackRock Inc.
The firm has been boosting exposure to government bonds because they’re “actually working” to counter market turmoil, according to Rupert Harrison, portfolio manager for multi-asset strategies.