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Sovereign Wealth Funds Briefing - Categorized | Asset Allocation, Financials, Investment, Market

BlackRock says SWFs remain committed to the euro, despite crisis

Posted on 04 August 2011

Sovereign wealth funds and other big-money investors haven’t lost faith in the euro and aren’t showing signs of a dramatic move away from euro assets, a senior money manager at BlackRock Inc. said Wednesday.
“Part of the reason the euro remains fairly entrenched is that there hasn’t been a wholesale diversification away from the euro during this crisis,” said Scott Thiel, chief investment officer of fixed income, said at a media briefing……………………………………….Full Article: Source


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