BlackRock takes safe investment route into Asia

BlackRock is looking to increase its weighting in healthcare firms in the United States and Europe that have exposure to the Asian market, as a safer way to invest in the Asian growth story, said a star fund manager at the world's biggest asset manager.

Even though Asian equities were trading at low valuations, they were still not attractive enough to warrant direct investments, Dan Chamby, managing director at BlackRock and portfolio manager of the BlackRock Global Allocation Fund, said.

via Business feed http://www.scmp.com/business/companies/article/1081181/blackrock-takes-safe-investment-route-asia