BlackRock (BLK) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
"This divestment is necessary to protect Louisiana from mandates BlackRock has called for that would cripple our critical energy sector," Schroder said in a statement. The U.S. state has already withdrawn $560 million from the funds to date, he said.
Markets are set to remain choppy, according to BlackRock.