October 29, 2019 / 8:21 AM / 9 months ago

Blackrock CEO says the world will see higher equity markets in 2020

FILE PHOTO: Larry Fink, Chief Executive Officer of BlackRock, stands at the Bloomberg Global Business forum in New York, U.S., September 26, 2018. REUTERS/Shannon Stapleton

RIYADH (Reuters) - U.S. fund manager BlackRock Inc (BLK.N) chief executive said on Tuesday the world will see higher equity markets in 2020.

Larry Fink said Blackrock saw positive changes in emerging economies including Saudi Arabia, speaking at the Saudi Future Investment Initiative conference.

BlackRock, the world’s largest fund manager, has opened an office in Saudi Arabia, pushing ahead with plans to capitalize on the government’s ambitious reform agenda despite global criticism of its human rights record.

Reporting by Saeed Azhar; Writing by Tuqa Khalid; Editing by Louise Heavens

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