BlackRock Inc., the world’s biggest money manager, named Russ Koesterich to the newly created position of chief investment strategist.
Russ Koesterich, the San Francisco- based global chief investment strategist for the IShares unit of BlackRock Inc., comments on U.S. Federal Reserve Chairman Ben S. Bernanke’s statement today in Jackson Hole, Wyoming.
Investors should buy a “broad basket” of telecommunication and energy shares to protect gains as marketwide swings make it harder to pick stocks, according to Blackrock Inc.’s Russ Koesterich.
"The decline in oil prices is not simply a function of slower global growth, it's also a function of excessive supply, which in turn is being driven by the renaissance in U.S. energy production."
- Russ Koesterich on Nov 16, 2014
BlackRock’s Koesterich Says Equities Are ‘Stretched’ (Audio)
BlackRock’s Koesterich Says Add Oil Stocks As Hedge (Audio)
Koesterich Says “Broader Net” Needed to Gain Yield (Audio)
BlackRock’s Koesterich Says Fed May Raise Rates Earlier (Audio)
Koesterich Makes a Case for Emerging Markets