Asset Management

BlackRock’s Larry Fink on US tariffs: ‘This isn’t Wall Street versus Main Street’

US asset management boss says clients have been focused on increasing their allocation to both fixed income and equities

Larry Fink said US tariffs ‘went beyond anything I could have imagined in my 49 years in finance’
Larry Fink said US tariffs ‘went beyond anything I could have imagined in my 49 years in finance’ Photo: Al Drago/Getty Images

BlackRock chief executive Larry Fink said there have been no knee jerk reactions from its clients to recent market turbulence sparked by US tariffs.

“We have not seen any capitulation with any clients at all,” Fink told analysts on a call following BlackRock’s first quarter earnings on 11 April.

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