News Analysis BlackRock, the world’s largest investment manager with more than $9 trillion in assets under management, recently made a very contrarian call. The investing giant argued that China is no longer an emerging market and as such, investors need to boost their investments in Chinese stocks and bonds. China is underrepresented in investors’ portfolios, Wei Li, chief investment strategist at BlackRock Investment Institute, told the Financial Times on Aug. 17. BlackRock’s latest bullish call on China follows a research report it issued in May, which also argued that Chinese stocks and bonds allocation in global benchmark indices is too low. In that report, BlackRock said that global economic growth is becoming increasingly bipolar, led by the United States and China at opposite ends of that spectrum, and that investors need exposure to both in almost equal measures. It’s an especially contrarian view considering the recent pain surrounding Chinese stocks. Many …
