BlackRock CEO Fink: The next 90 days will face volatility, and funds will begin to transfer from the United States to Europe
2025-05-18 00:01:09
Larry Fink, chief executive of BlackRock, one of the world's largest asset managers, says that in the next 90 days we will face volatility, and what the market needs is certainty. When there is uncertainty, people hold more and more cash, and we have already seen this. Europe currently has $12 trillion in bank accounts, while the US has $11 trillion in money market funds. In addition, due to uncertainty and a potentially overly optimistic view of the US: "We are starting to see a small shift of capital from the US to other economies, especially Europe." He adds that global investors are still seeing an overweight allocation to the US, while most investors remain underweight to Europe, but the current level of underweight has decreased. " I think a key feature is that over time they will see more and more money flowing into the region, including back into Asia, India and Japan. "
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