World’s Biggest Asset Manager Sees Markets Primed for Comeback

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Robert Kapito News

Bloomberg,Blackrock,Money Market Funds

(Bloomberg) -- BlackRock Inc.’s co-founder sees markets primed for a comeback. Most Read from BloombergBeyond the Ivies: Surprise Winners in the List of...

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Kapito has pointed to the cash pile sitting in money markets before. In January, Kapito said he is eyeing the trillions of dollars of dormant investors’ cash that could soon be reallocated to bonds if interest rates fall. Much of the money-market cash could be shifted toward model portfolios and exchange-traded funds, he said at the time.

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