BlackRock’s Rieder Dumps US Credit in Favor of Emerging Markets
BlackRock Inc.’s Rick Rieder said he’s reducing exposure to US investment-grade and high-yield bonds while increasing holdings of emerging-market debt, citing favorable valuations and a soft dollar.
By Ye Xie, Matthew Miller, Dani Burger · Bloomberg Markets
BlackRock Inc.’s Rick Rieder said he’s reducing exposure to US investment-grade and high-yield bonds while increasing holdings of emerging-market debt, citing favorable valuations and a soft dollar.