BlackRock adjusts its $185 billion portfolio, betting on the future performance of U.S. stocks and the AI market

ChainCatcher news, according to Jinshi reports, an investment outlook report shows that the world's largest asset management company, BlackRock, is "increasing risk allocation"------significantly increasing its holdings in U.S. stocks and expanding exposure to the artificial intelligence (AI) sector within its model portfolio platform, which has a scale of $185 billion.

The outlook report points out that, with the "top-notch earnings performance" of the U.S. stock market, BlackRock has increased its allocation to U.S. stocks at the expense of reducing its holdings in international developed market stocks in its series of model portfolios. After adjustments, these portfolios have an overall overweight of 2% in stock holdings.

Data shows that on Tuesday, as BlackRock completed its asset allocation adjustments, its corresponding ETFs experienced billions of dollars in capital flows. BlackRock's adjustment of the model portfolio is a "vote of confidence" in the rising U.S. stock market: this year, driven by the investment boom in the AI sector and coupled with market bets on the Federal Reserve's upcoming interest rate cuts, the S&P 500 index has reached an all-time high.

In its investment report, BlackRock stated that the relatively strong earnings performance of U.S. companies will drive U.S. stocks higher and noted that since the third quarter of 2024, U.S. corporate earnings have grown by 11%, while the earnings growth of similar companies in other developed markets has been less than 2%.