《《20161209-BlackRock-2016 Investment Outlook》.pdfVIP

SQUEEZING OUT MORE JUICE 2014 INVESTMENT OuT lOO k DEc EMbEr 2013 BlaCkROCk INv ESTMENT INSTITUTE What is inside INTrODucTION 3–5 Summary 3 First words 4 2014 Scenarios 5 T hEMES 6–11 Growth 6–7 ewen Cameron Watt Markets 8–9 Chief Investment Strategist, Risks 10–11 BlackRock Investment Institute Peter Fisher rEgIONS 12–19 Senior Director, BlackRock United States 12–13 Investment Institute Europe 14–15 Japan 16 Benjamin Brodsky Global Head of BlackRock Fixed China 17–18 Income Asset Allocation Emerging markets 19 So What Do I Do W Ith My Money?® Big picture } Helicopter view: we generally prefer equities over bonds, particularly in our base case Low for Longer scenario. } Risk in safety: equities and bonds are becoming