BlackRock Is ‘Broadly Constructive’ on Risk Assets: Harrison

Rupert what does this all mean for for equities but in general actually asset classes would you buy right now yeah so we are still broadly constructive on risk assets particularly uh equities one of the things we've been doing in portfolios over the last few months has been bringing down that bias towards growth and quality that has served a lot of investors well over the last few years and trying to flatten up by buying cyclical's value uh you know even buying european banks which have been a pretty unloved asset

Class now that hasn't necessarily worked particularly on the european side the last few weeks but we still feel like there are significant upsides here first of all the global macro momentum and that's a reflationary momentum is intact we don't think the virus is going to knock that off course this winter and then there's also you've got a position for some potential upside you know we are going to get very very important news in terms of the efficacy signals of these vaccines

From phase 3 trials coming through in the next few weeks and those are potentially game changing and i don't think you want to be caught on the wrong side of that