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Blackrock will shift its investment focus to US junk bonds.
Blackrock is capitalizing on the recent outstanding performance of the European credit market by selling some junk Bonds in its Global Fund and purchasing more of these Bonds in the USA. This was stated by James Turner, co-head of Blackrock's European Fundamental Fixed Income Business. This largest Global Asset Management company, with an asset management scale of 11.5 trillion USD, is adjusting its Global Fund to achieve a more balanced weight distribution between Europe and the USA, as the company had previously favored the European market.
