“Corporations are in great shape, exporting is growing and agriculture and technology are reasonable for long-term investing.”
He added the market setbacks of the last few days have offered more opportunities to invest in equities.
“We love equities,” he said. “Equities with large dividends compete well against owning fixed income, and we believe you have the protection of a strong dividend.”
Fink said any portfolio should include global equities, especially those that are in construction.
BlackRock is the world’s largest money manager, with $3.5 trillion in assets under management.
Fed Was 'Brave'
Fink also said he supported the Federal Reserve’s recent action to add $600 billion in quantitative easing (QE), and said that that Fed was “brave” to take this step.
He added that Congress and the Obama administration need to work together to take actions to boost the US economy and tackle unemployment.
“They need to incent business to build factories and hire.”