BlackRock's global allocation fund booked profits on U.S.-based energy shares in June as oil prices rose more than 25 percent in the second quarter, as a part of a 85 percent rebound since hitting 12-year lows in early 2016 tied to fears about oversupply. "During the month of June, we took profits in U.S.-based energy stocks as higher oil prices have led to higher valuations for many of these companies," Russ Koesterich, head of asset allocation for the BlackRock fund, said in a statement.
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- Reuters•6 days ago
One of BlackRock's bond funds has added to investments in British government debt after the country's vote to leave the EU last month as it expects the Bank of England to start buying the debt in an effort to stimulate the economy. "Since the initial surprise in financial markets to the outcome of the EU referendum, we have added to our gilt exposure both in relative and absolute terms," said Marilyn Watson, head of global unconstrained fixed income product strategy at BlackRock. "We believe that some additional form of QE from the BoE would include purchases of gilts," she said in a note.
|Bid||0.00 x 10000|
|Ask||0.00 x 10000|
|52wk Range||250.50 - 345.16|
|Day's Range||299.77 - 299.88|
|Avg Vol (3m)||8|
As of 2:08 AM EDT. Munich Delayed Price. Market open.