BlackRock’s Li Upgrades View on European Equities

The transcript discusses recent market trends, highlighting the impact of central bank support on ETP flows, particularly in credit. It examines the US stock market's performance, noting the NASDAQ's recent underperformance and the S&P 500's gains. The discussion also covers the tech sector's role as a stay-at-home investment and the potential for cyclical rotation with vaccine developments. European equities are favored due to their position in the pandemic recovery and prudent economic measures. Overall, the transcript emphasizes the ongoing search for income and the influence of structural trends like digitalization.

What was a significant factor driving the record month for credit ETP flows in June?

• Increased interest rates by the Fed

• Central bank support

• Rise in commodity prices

• Decline in stock market performance

How did the NASDAQ perform in the week of vaccine development news?

• It underperformed

• It showed no change

• It remained stable

• It outperformed the S&P 500

What structural trend is being accelerated by events this year, according to the transcript?

• Globalization

• Industrialization

• Urbanization

• Digitalization

Which region's equity market is seeing a turnaround from significant outflows to tentative buying?

• European equities

• Latin American equities

• Asian equities

• US equities

What is one reason European equities are currently favored over US equities?

• Higher interest rates

• Better pandemic management

• Stronger currency

• Larger tech sector