A seismic shock to the global financial system is coming according to BlackRock. …
The world’s biggest hedge fund, with roughly $10 trillion in assets, recently filed a report detailing its macroeconomic outlook.
According to that report, BlackRock is reallocating a percentage of its U.S.-based assets to foreign emerging markets.
The report cites seismic shifts in the geopolitical order, high debt, record-high interest rates, and volatility as reasons for the portfolio reallocation.