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BlackRock’s Fisher reassures markets after S&P downgrade

Leigh Powell
The firm’s global CIO for fixed income says the firm won’t be a foreseller of US Treasuries and its portfolio rebalancing is miniscule. But BoA Merrill warns of a potential tipping point.
BlackRock’s Fisher reassures markets after S&P downgrade

The world’s largest asset manager, BlackRock, has moved to reassure markets following Standard & Poor’s US ratings downgrade, confirming it will not be foreseller of US Treasuries and saying its portfolio rebalancing will be negligible.

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