Reported 13 days ago
BlackRock has invested over $1.9 billion into the iShares MSCI USA Momentum Factor ETF following the post-election rally, marking the largest one-day inflow since the fund's inception. As election uncertainties have been resolved, the asset management giant is adjusting its allocations, anticipating further growth in US equities and resumption of corporate capital initiatives. The firm also predicts that a cooling labor market coupled with resilient economic growth will support Fed rate cuts, enhancing its bullish outlook.
Source: YAHOO