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.
"Just as with other instances, a dovish Fed is making up for a lot of bad news, from Europe and from other parts of the world."
- Russ Koesterich on Dec 18, 2014
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