The BlackRock Investment Institute (BII) has adopted a more cautious stance on emerging market equities and hard-currency debt in its mid-year investment outlook, while turning more positive on euro zone government bonds, according to a Reuters report.
BII, the research arm of U.S.-based asset manager BlackRock, downgraded its view on emerging market equities to neutral from a small overweight, citing a more balanced risk-reward outlook. However, the institute said selective opportunities remain, particularly in Latin America, where growing investments in artificial intelligence infrastructure are expected to support demand.
