With all the chaos in the global markets, investors are dumping stocks and turning to illiquid holdings like real estate to get their returns, BlackRock says.
The world's largest asset manager surveyed 170 of its biggest institutional clients, and half the respondents said they plan to put more money into private credit and real assets. Meanwhile one-third plan to decrease their equity holdings, BlackRock said in a statement.
Global head of BlackRock’s institutional client business, Mark McCombe, says the ripple effect from recent stock and oil slumps is forcing investors towards illiquid assets as a way to shield themselves from market volatility.
More than 30% of respondent say they will put money in securitized assets while 27% plan to funnel more funds into US bank loans.
