BlackRock Q4 Conference Call Summary
Management made the following comments on the call:
- Larry Fink said generating out sized returns will be more challenging; says 'constructive' on equities for 2014; said central banks will have to get policy right.
- Larry Fink said Europe recovering 'slowly'.
- Larry Fink said expects to see substantial money in motion in fixed income in 2014; says co positioned to capture flows.
- Larry Fink said BLK saw $7 bln in outflows from fixed income this year.
- Larry Fink said BLK continues to expect that low double digit growth in iShares; expects low double digit growth in institutional.
- Also in a related CNBC interview, Larry Fink said 'great rotation' will not between stocks and bonds, but will be within the bond market.