BlackRock adjusts $300 billion model portfolios to increase equity exposure

BlackRock has adjusted its approximately $300 billion in model portfolios to increase equity exposure while maintaining a bullish stance on artificial intelligence. According to a report by Bloomberg, the firm is shifting its US focus toward large-cap stocks and reallocating some AI exposure from industry pioneers to companies that are adopting or benefiting from the technology. Internationally, BlackRock has reduced its regional tilts across the US, developed markets, and emerging markets.