BlackRock’s $185 billion plan to increase equity exposure fuels AI, tech stock bets

(Bloomberg) — BlackRock Inc. is boosting its exposure to US equities across its $185 billion model-portfolio platform at a time when investors are questioning the staying power of this year’s artificial intelligence-fueled rally.

The world’s largest asset manager is increasing its overweight positioning on equities to 3%, according to an investment outlook viewed by Bloomberg, after stepping up risk in September. Billions of dollars flowed between corresponding BlackRock exchange-traded funds on Tuesday as a result of the adjusted allocations, data compiled by Bloomberg showed.