Global lower rate environment harmful to investors: BlackRock CEO

Reuters

27 May 2015 at 9:43 am

Laurence Fink, Chairman and CEO of Blackrock Inc., gestures at the session 'The Global Economic Outlook' in the Swiss mountain resort of Davos January 24, 2015. REUTERS/Ruben Sprich

(Reuters) - Lowering interest rates around the world to boost the global economy has reached a point where it is now "quite harmful" to clients, including pension funds and insurers, BlackRock Inc <BLK.N> Chairman and Chief Executive Officer Laurence Fink said on Wednesday.

The "low rate environment is having a profound impact on how they're going to operate," Fink said at the Annual Bernstein Strategic Decisions Conference on Wednesday.

(Reporting by Ashley Lau in New York; Editing by Jeffrey Benkoe)

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