BlackRock says it sees opportunity to take on more market risk

NEW YORK (Reuters) – BlackRock Inc’s (N:) Investment Institute said on Tuesday that the swoon in stock markets is “contained” and that it sees an opportunity to take on more risk, particularly in emerging market equities.

A real change in markets would require a deterioration in the economy, the group said in a note. Instead, the recent pullback “appeared to stem from investor jitters over the stock market run-up, record equity inflows and rapidly increasing interest rates,” exacerbated by products betting against rising U.S. equity volatility, BlackRock said.

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