Exploring and Exploiting (Il)liquidity
Money is gushing through the global financial system thanks to years of central bank largesse. Yet trading liquidity has been on a downward slope. It has been getting harder and more expensive to transact in size.
What does this mean for investing and portfolio construction, and how should investors weigh the risks and opportunities? A group of 80 BlackRock investment professionals debated these questions at a recent gathering in London. Our 12-page publication attacks the topic from all angles, drawing on BlackRock’s unrivaled expertise in investing, risk and trading.
The 12-page piece is the second based on the London forum – and the third in a series of BII publications on trading liquidity. It follows Setting New Standards of May 2013 and Got Liquidity? of September 2012.