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BlackRock raises risk allocation, $185 billion in portfolio to increase U.S. stocks and AI

Source: ChainCatcher
According to ChainCatcher, according to Kingshin, BlackRock (BLK.N), the world's largest asset management company, has significantly increased its holdings in U.S. stocks and increased its exposure to the field of artificial intelligence (AI) in its $185 billion model portfolio. After adjustment, the overall stock holdings of these combinations are overweighted by 2%. Data shows that after BlackRock completed asset allocation adjustments, its exchange-traded funds (ETFs) experienced billions of dollars in capital flows. BlackRock said that the relatively strong earnings performance of U.S. companies will drive U.S. stocks to continue to rise.
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