Monday, October 29, 2012

Reuters: US Dollar Report: Blackrock says sees pick-up in China resources demand

Reuters: US Dollar Report
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Blackrock says sees pick-up in China resources demand
Oct 29th 2012, 23:24

SYDNEY | Mon Oct 29, 2012 7:24pm EDT

SYDNEY Oct 30 (Reuters) - BlackRock Inc, the world's largest money manager, sees Chinese resources demand continuing to grow and does not see Europe's woes weighing on commodities, the co-head of its BGF World Mining Fund said on Tuesday.

As of September 30, 2012, BlackRock held $3.67 trillion under management across equity, fixed income, cash management and other sectors.

"The U.S. has been a big surprise on the upside," Catherine Raw, co-manager of BlackRock's BGF World Mining Fund, told reporters.

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