BlackRock’s Rieder not backing down from emerging market bet

(Reuters) Top BlackRock Inc (BLK.N) bond investor Rick Rieder said earlier this week tht he was not ready to completely back down from his bet on emerging markets despite a recent rout. “We think emerging markets is going to represent a great opportunity going into next year,” he said at the Reuters Global Investment Outlook Summit in New York. Rieder, who is chief investment officer of global fixed income for the world’s largest asset manager, has been a big proponent of several emerging market bets that have paid off this year.

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