Larry Fink Ukraine Provident BlackRock Larry Fink Ukraine

Majority of stock pickers failed again in H1 despite ‘plenty of opportunities’

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When BlackRock announced its results for the first half of 2022, chief executive Larry Fink described the six-month period as the “worst start to the year for both stocks and bonds in half a century”.Significant market volatility, prompted by the onset of war in Ukraine, rising inflation and several interest rate hikes, may have dented revenue and profit for asset managers, but it should have provided an ideal opportunity for stock pickers whose job it is to navigate turbulent markets to spot the very best investments.

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