World’s largest money manager isn't giving up on tech stocks yet

A group of large institutional investors including BlackRock Inc and Allianz SE's Pacific Investment Management Co has sued 16 major banks, accusing them of rigging prices in the roughly US$5.1 trillion-a-day foreign exchange market.

SINGAPORE: BlackRock Inc is still bullish on tech stocks.

While many investors have identified challenges in the sector after a lackluster 2018 that saw the Nasdaq Composite Index’s first annual decline in seven years, the world’s largest money manager is staying the course on the long-term trend, according to its chief equity strategist Kate Moore.