BlackRock Broadens Equity Exposure, Retains AI Focus in Portfolio Shakeup

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BlackRock is expanding its exposure to shares, while maintaining its conviction in artificial intelligence (AI), while the world's largest asset manager reorganizes positions in its model portfolio line, which totals $300 billion. In the US, the company is directing resources to highly capitalized shares, according to an investment perspective consulted by Bloomberg, and is shifting part of its exposure to AI from pioneering companies in the sec…

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ChainCatcher reported on September 23 that, according to Bloomberg, asset management firm BlackRock adjusted its portfolio across approximately $300 billion, expanding its equity exposure while maintaining a bullish stance on artificial intelligence. According to an investment outlook seen by Bloomberg, in the US, BlackRock is channeling funds towards large-cap stocks and shifting some of its AI exposure from industry pioneers to companies it be…