"We are dipping a toe in Chinese equities by moving our tactical view from neutral at midyear to a modest overweight," BlackRock's "Investment Institute" strategists said in a weekly note
LONDON: The world's largest asset manager, BlackRock Inc, has said it is dipping its toes back in to Chinese equity markets following their heavy falls this year, and on bets that Beijing will soon start providing stimulus again.
Some of China's biggest stocks are on course for their worst quarter on record following regulatory clampdowns https://www.reuters.com/world/china/education-bitcoin-chinas-season-regulatory-crackdown-2021-07-27 that have hammered super-sized tech firms and education providers, and turmoil now engulfing property giant Evergrande.
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