“What Do They Know?” – BlackRock Exposes Institutional Exodus From Stocks
by Tyler Durden
ZeroHedge.com
Tue, 10/16/2018
“We’re not particularly happy,” was the understated comment from BlackRock’s Larry Fink as he reflected on the mass exodus of institutional assets under management from the world’s largest asset manager.
Institutions withdrew $24.8 billion from BlackRock’s index and active products in the period, which Fink attempted to shrug off:
“They don’t understand the political instabilities,” he said.
“They’re worried about the impact of global trade. A common conversation we’re hearing from clients is: are we at peak earnings?”
One analyst attributed the weakness in a note to clients to “industry-wide de-risking.”
But the biggest drop was a $30.8 billion outflow from non-ETF equity index products…
The Rest…HERE
