Laurence Fink, CEO of money management titan BlackRock, says investors are exiting cash for financial markets in record numbers.
But he doesn’t see that trend creating a bubble.
"We are seeing a record amount of cash being put to work,” Fink told The Wall Street Journal.
“The firm on Dec. 1 will have over $3 trillion in assets… I’ve never seen more flows going out of cash into something else.”
Why the record shift? Thank the Fed, he says. (more)
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