BlackRock Says it Favors Italian, Spanish Debt Over Bunds
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BlackRock Inc., the world’s biggest fund manager with $3.67 trillion in assets, said it favors Italian and Spanish debt over bonds from so-called core countries such as Germany.
The fund’s preferences are contained within its 2013 investment strategy, which has been framed mindful that there is “danger in safety and income is king,” Rick Rieder, the firm’s chief investment officer of fundamental fixed-income, told a media briefing in London.