BlackRock CEO says bullish on outlook for green investment

BlackRock CEO says bullish on outlook for green investment

BlackRock CEO says bullish on outlook for green investment He was speaking remotely at the Future Investment Initiative (FII) conference in Riyadh    BlackRock CEO Laurence Fink participates in Flagship: The Future of Finance panel discussion during the IMF-World Bank annual meetings in Washington October 12, 2014. REUTERS/Yuri Gripas RIYADH- Larry Fink, chief executive of the world's largest asset manager BlackRock, said he was bullish about long-term investment with a focus on climate change."Overall, I think because of the great needs of investing for climate change, and because of the pools of the savings and the great need for long-duration assets, I would say the fundamentals going forward into 2021 and beyond are pretty favourable for long-term investors."He was speaking remotely at the Future Investment Initiative (FII) conference in Riyadh.(Reporting by Saeed Azhar and Yousef Saba, writing by Davide Barbuscia; editing by Jason Neely) (([email protected]; +971522604297; Reuters Messaging: [email protected]))Zawya Coveragefinancial servicesStable outlook for GCC banks; but profits under pressure again: Fitchfinancial servicesHana Al Rostamani is the first woman CEO at UAE's biggest lenderequitiesADX plans new listings, derivatives trading in drive to double market capfinancial servicesUAE banking sector still 'in good health': Emirates NBDequitiesDubai's Emirates NBD full year profit plunges 52%;