BlackRock, Inc. (NYSE: BLK) today launched a multi-faceted
global initiative that offers investors practical actions for
building more dynamic, more diverse portfolios that these times
require. Investing for a New World™ is designed to help
investors large and small confront the challenges of low yields and
volatile markets in today’s complex investment environment.
Laurence D. Fink, BlackRock Chairman
& CEO (Photo: Business Wire)
The multi-media initiative – the first of its kind by BlackRock
– includes a range of ongoing communications for retail and
institutional investors, partners and financial advisors, as well
as investor education and advertising in a variety of digital,
print and social media around the world.
“Investors are looking for answers in a new world where the
returns they once took for granted are constrained by historically
low yields, market volatility and shifting investment patterns.
With today’s longer lifespans and uncertain returns, people are
concerned about outliving their money in retirement and funding
their children’s education. Wherever I go, the question I hear most
often is: ‘So what do I do with my money?’ and we’re stepping
forward to provide answers,” said Laurence D. Fink, BlackRock’s
Chairman and Chief Executive Officer.
“We have a responsibility to our clients – and the working
people and retirees many of them serve – as well as to our
shareholders to offer straight talk and practical guidance for
investors. That’s especially true now, as we have grown and moved
deeper into serving individuals through their financial advisors.
We founded BlackRock to provide answers and believe no one is
better positioned to do so, given the breadth and depth of our
capabilities across asset classes, markets and investment styles,”
Mr. Fink continued.
Global, Multi-Media Initiative Provides Practical Actions for
Investors
BlackRock launched Investing for a New World™ with a four-page
insert that appeared in major media outlets online and in leading
global newspapers. BlackRock has also established a dedicated
website for investors at www.blackrock.com/newworld with tools,
guidance and thought leadership, including from the BlackRock
Investment Institute.
The initiative outlines five practical actions to help investors
take advantage of a broader array of assets, strategies and
investment styles. They include:
- Rethinking the cost of holding cash and
how even low rates of inflation erode its purchasing power over
time;
- Seeking new sources of income with the
potential to provide for current financial needs as well as build
wealth over the long term;
- Considering the potential of
alternative investment vehicles to provide above-average returns
and manage risk as they are less likely to move in tandem with
stocks and bonds;
- Actively employing index-based
products, such as ETFs, to access a wider range of markets
efficiently and effectively; and
- Taking advantage of increasing
longevity by re-evaluating risk tolerances and asset allocations in
light of longer investment horizons.
“This new world of investing brings with it new opportunities as
well – and to capture those opportunities, portfolios must be more
flexible and diverse than ever. We want investors to know that
putting money to work in long-term investments is one way that they
can help meet their objectives,” Mr. Fink said. “Reigniting
long-term investment is also a way we’ll seek to spur the growth
needed to address the great public policy challenges we face,
whether that is funding retirements, supporting education or
rebuilding our infrastructure.”
Turning Short-Term Savers into Long-Term Investors
In a speech to the Council on Foreign Relations in New York
today, Mr. Fink urged others in the asset management industry, and
business and government leaders to work together to help reignite
investment and growth through a focus on the long term.
“In this new world, we can help rebuild confidence, get markets
moving again and restore growth by turning short-term savers into
long-term investors. It’s our responsibility as leaders of
business, finance and government. All of us must answer the call,”
Mr. Fink told the audience.
In his address, Mr. Fink called on the asset management industry
to join with companies to help investors take a long-term view. “We
have to step up to offer guidance and provide answers,” Mr. Fink
said. “To finance longer lifespans, we must convince individuals to
start investing now for the long term. Their longevity is an asset
to be leveraged, not a curse.”
Mr. Fink added: “We need to educate investors about confronting
the growing gap between needs and resources for retirement. That
means getting investors beyond the now inadequate 60/40 portfolio
mix of stocks and bonds. In particular, companies have a moral
responsibility to educate their employees. Shifting from a defined
benefit to a defined contribution plan doesn't absolve them of that
responsibility.”
Mr. Fink advocated initiatives to promote confidence in the
capital markets, which he said were an increasingly vital source of
investment capital for businesses as bank lending is constrained.
These include:
- Regulation to protect collateral
clients post when centrally clearing derivatives;
- A capital gains tax regime that rewards
investment over multiple years by extending the holding period for
an investment to qualify to at least three years and imposing a
rate schedule that declines over longer holding periods; and
- Long-term government investment in
infrastructure, research and education to maintain competitive
workforces and growing economies.
“The transformational challenges – and the resulting crisis of
confidence – that we face as a global society are daunting, but we
are better equipped than at any time in human history to respond,”
Mr. Fink said.
About BlackRock
In a world that is shifting and changing faster than ever
before, investors who want answers that unlock opportunity and
uncover risk entrust their assets to BlackRock. As an independent,
global investment manager, BlackRock has no greater responsibility
than to its clients. It’s why many of the world’s largest pension
funds and insurance companies trust BlackRock to understand their
unique objectives and why financial advisors and investors partner
with BlackRock to help them build the more dynamic, diverse
portfolios these times require.
BlackRock has built its offering around its clients’ greatest
needs: providing breadth of capabilities – and depth of knowledge
– across active and passive strategies, including iShares®
ETFs, and the unique ability to look across asset classes,
geographies and investment strategies to find the right solutions.
This is grounded in a deep belief in data and analytical rigor,
anchored in the risk management expertise of BlackRock Solutions®.
With deep roots in every region across the globe, some 100
investment teams in 27 countries share their best thinking and
insights to seek better, more consistent returns through time.
BlackRock®. Investing for a New
World™www.blackrock.com/newworldFollow us on Twitter:
@BlackRockCo
© 2012 BlackRock, Inc. All rights reserved. BLACKROCK, BLACKROCK
SOLUTIONS, ALADDIN, iSHARES, LIFEPATH, SO WHAT DO I DO WITH MY
MONEY, INVESTING FOR A NEW WORLD, and BUILT FOR THESE TIMES are
registered and unregistered trademarks of BlackRock, Inc. or its
subsidiaries in the United States and elsewhere. All other
trademarks are those of their respective owners.
Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50186481&lang=en
BlackRock (NYSE:BLK)
Historical Stock Chart
From Apr 2024 to May 2024
BlackRock (NYSE:BLK)
Historical Stock Chart
From May 2023 to May 2024