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“3 Things You Need to Know + 1 You Don’t!”
The 3+1 Active Investors Series is BlackRock’s weekly investor video franchise, created to start your week with insights from the voices shaping markets. Featuring the firm’s leading active investors, each episode highlights three perspectives on what’s driving markets today.

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Episode 106: Rick Rieder & Special Guest Eli Manning

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Rick: Can I see Eli? Rock and Roll. Eli: Alright, alright. I’m Rick Rieder, Chief Investment Officer of Global Fixed Income at BlackRock. It’s the week of June 8th. Here are three things you need to know, and one you don’t, with my special guest Eli Manning.

Eli: I’m #1 look I made it.

First Up.

Rick: When we’re in the investment business we’re under pressure, stress. We prep for things, but then like the world changes.

Eli: These are situations you crave. Being down four points in a Super Bowl, two minutes left. The mindset is: Hey we prepared, we’re about to go be Super Bowl champions if we just do our job.

Number two.

Rick: Have you always been a natural leader? Look within our business you gotta rely on your team. You gotta trust in your team.

Eli: Sure. I think it's the same way in sports. I had to show them, hey I'm putting in the work. I'm the first one in, I'm the last one to leave. I’m gonna make mistakes, but I'm gonna learn from my mistakes. At that point, when you’ve proven that you've put in the work, you've put in the time, you can kinda start being a little bit more vocal.

Rick: We do the same, although sometimes we don't know how they’re gonna react.

Eli: Some you gotta sweet talk a little bit. Which brings us to.

Rick: I have signs all over my house that say, “work hard, play hard, give back, reboot.”

Eli: When I came to the Giants and came to New Jersey and New York, I used to visit the hospital a lot in New Jersey, Hackensack. And, you see kids ya know dealing with pediatric cancer. It's not enough just to visit. I wanna do something to get them healthy, get them back home, get them to be a kid again.

Rick: Ya know, for me it's been on kids’ lives, and particularly in urban settings, that don't get a fair shot. Ya know somebody who you know who has the talent, you know has the potential, and they just need a little bit of help along the way, and then watch them succeed.

 And finally.

Rick: We had dinner one night and I noticed my phone wasn't next to me, because you changed the language of my phone into Chinese. I was actually trading and investing that night, and it was one of the most horrifying experiences.

Eli: That was early on. I've gotten a little bit smarter, there’s just some people you can’t mess with.

To get more 3+1 and stay up on everything you need to know, and some things you don’t… Make sure to follow us on LinkedIn & YouTube. We’ll see you next week.

3+1 Episode 6: Rick Rieder with Eli Manning

In this week’s episode of 3+1, Rick Rieder, BlackRock’s CIO of Global Fixed Income, is joined by two-time Super Bowl champion Eli Manning for a conversation about preparation, leadership and performing under pressure.

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FC Transcript V3 Episode 105B: Rafa Iborra

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Okay, let's give it a go.

Good morning, I'm Rafa Iborra. I manage model portfolios for clients across EMEA and Asia, and it’s the week of June 1st. Here are three things you need to know, and one you don’t.

First up. Market performance has really been led by a handful of mega cap winners. We’re seeing this changing today really on the back of strong earnings and the AI investment cycle. Playing the broadening of a rally requires discipline and diversification, which means a good combination of what I would call, core-exposures with more satellite exposures, and the right amount of risk budgeting. We really like energy, materials, industrials, and select value exposures that are starting to participate in the AI investment cycle.

Number two. In order to protect your portfolio against inflation, it feels very natural to think about using inflation-linked bonds right now. It’s important to bear in mind these exposures come with duration sensitivity. And so we like to think about other levers to protect our portfolios against inflation like the energy sector, infrastructure, and short dated bonds that are less sensitive to moves in rates.

Which brings us to number three. We still think it's a very constructive environment for risk taking. We are now coming out of the earnings season, and 80% of companies have reported earnings beating analyst estimates. Lately we’ve been rebalancing our portfolio to give more importance to US equities, and emerging market equities. We also like emerging market debt, which is providing an interesting level of carry in today's market.

And the one thing you don't need to know. I grew up in Corsica where I've been diving a lot. My hot take: I will choose to be underwater 30 meters deep down any day. You can move as a human being in three dimensions. I've seen sharks, tuna, and I have actually been diving with whales. It's a very humbling experience.

To get more 3+1 and stay up on everything you need to know, and some things you don’t… Make sure to follow us on LinkedIn & YouTube. We’ll see you next week.

Video Playlist

BlackRock | 3+1 Series

FC Transcript V3 Episode 105B: Rafa Iborra

052126

Okay, let's give it a go.

Good morning, I'm Rafa Iborra. I manage model portfolios for clients across EMEA and Asia, and it’s the week of June 1st. Here are three things you need to know, and one you don’t.

First up. Market performance has really been led by a handful of mega cap winners. We’re seeing this changing today really on the back of strong earnings and the AI investment cycle. Playing the broadening of a rally requires discipline and diversification, which means a good combination of what I would call, core-exposures with more satellite exposures, and the right amount of risk budgeting. We really like energy, materials, industrials, and select value exposures that are starting to participate in the AI investment cycle.

Number two. In order to protect your portfolio against inflation, it feels very natural to think about using inflation-linked bonds right now. It’s important to bear in mind these exposures come with duration sensitivity. And so we like to think about other levers to protect our portfolios against inflation like the energy sector, infrastructure, and short dated bonds that are less sensitive to moves in rates.

Which brings us to number three. We still think it's a very constructive environment for risk taking. We are now coming out of the earnings season, and 80% of companies have reported earnings beating analyst estimates. Lately we’ve been rebalancing our portfolio to give more importance to US equities, and emerging market equities. We also like emerging market debt, which is providing an interesting level of carry in today's market.

And the one thing you don't need to know. I grew up in Corsica where I've been diving a lot. My hot take: I will choose to be underwater 30 meters deep down any day. You can move as a human being in three dimensions. I've seen sharks, tuna, and I have actually been diving with whales. It's a very humbling experience.

To get more 3+1 and stay up on everything you need to know, and some things you don’t… Make sure to follow us on LinkedIn & YouTube. We’ll see you next week.