Comments from the Blackrock CEO
The world's biggest fund manager is upbeat about the US economy and stock market.
"What we are seeing worldwide are clients just struggling in putting their money to work," Fink told Reuters in an interview after his company reported first-quarter earnings.
"We still saw, as an industry and at BlackRock, outflows in equities and this is one of the reasons why I believe the market is getting set up for huge inflows into equities," he said.
He's talking his book to some extent because Blackrock makes money on every dollar that's invested however it's not like Larry Fink is some stock promoter. Bloomberg has his net worth listed at $980 million and he's a generally straight shooter.
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