Robert Kapito, president of BlackRock, the world's largest asset management company, said the stock market will benefit as investors deploy their massive cash holdings. While attending the Asia Pacific Finance and Innovation Conference in Melbourne on Tuesday, Kapito said that nearly $9 trillion of capital is still in money market funds, and a similar amount of cash alternatives are in banks. He said that these funds are bound to be a “huge force” driving the stock market. “This is something you need to keep a close eye on, and you won't want to miss it,” Kapito said.
贝莱德总裁关注沉睡中的海量现金 料股市蓄势待发
The president of BlackRock is concerned about the large amount of cash that is dormant and the stock market is ready to go
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