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BlackRock's Largest Fund Boosts Energy Stakes

Posted by August 17, 2017

BlackRock Inc's largest mutual fund hiked its exposure to "select names" in energy as the sector has lagged this year, one of its portfolio managers said on Thursday.
 
"The underperformance of energy stocks even as oil prices have stabilized creates opportunities for investors," wrote Russ Koesterich, a manager of the BlackRock Global Allocation Fund, in a note.
 

Reporting by Trevor Hunnicutt 

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