BlackRock Investment Institute’s Mid-Year 2015 Investment Outlook

As Stimulus Curtails, Fundamentals Will Re-Emerge as Key Drivers of Portfolio Returns Some indicators “flashing red” Lagging productivity, heady asset valuations Equities “reasonably valued” relative to bonds Stocks in Europe and Japan favored Emerging markets buffered against impact of Fed tightening With U.S. monetary policy turning, fundamentals such as productivity…