BlackRock CEO Larry Fink: I'm buying up 'undervalued' UK assets - The Times

BlackRock CEO Larry Fink: I'm buying up 'undervalued' UK assets - The Times

BlackRock, the world's largest asset manager, has been actively acquiring billions of pounds of UK assets deemed "undervalued" by the company. Larry Fink, the chairman and CEO of BlackRock, has expressed confidence in the UK economy and its investment prospects following the early rhetoric from the government of Sir Keir Starmer [1].

Fink noted that BlackRock has allocated more capital to the UK, believing that the new administration is addressing critical economic issues. He highlighted the increased speed of decision-making at the Competition and Markets Authority as a sign of a more pro-growth agenda in Whitehall [1]. Additionally, Fink praised the increased valuations of UK stocks, such as NatWest, Lloyds, and St. James’s Place, which he believes were previously undervalued [1].

Fink acknowledged that some UK business leaders have expressed concern about recent government policies, including higher employers' national insurance payments and increased employee rights. However, he emphasized that BlackRock is focusing on the broader macroeconomic picture and the opportunities in UK infrastructure [1].

The BlackRock CEO also discussed the current market volatility caused by President Trump's unpredictable policies and attacks on the US Federal Reserve chairman, Jerome Powell. He described the situation as chaotic and expressed concern about potential recession and rising inflation in the US [1]. Despite these challenges, Fink remains optimistic about the long-term prospects of markets and the UK economy.

Fink's comments underscore BlackRock's strategic approach to investing in undervalued assets and its belief in the UK's economic potential. The company's confidence in the UK market is a positive sign for investors and financial professionals.

References:
[1] https://www.thetimes.com/business-money/economics/article/blackrock-ceo-larry-fink-im-buying-up-undervalued-uk-assets-v2jrxpbkb