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BlackRock’s Koesterich Sees Energy Stocks as Best Portfolio Diversifier

Bloomberg Markets Tuesday 18 August 2026, 11:01 UTC 1 min read
Key Points

Russ Koesterich, Global Allocation Fund portfolio manager at BlackRock, says bonds are not working as a hedge as yields on 30-year US Treasuries rose to the highest since 2007 this week. He talks about the factors he sees driving long-dated bonds and why he doesn’t see $100 oil derailing the US economic expansion.

Russ Koesterich, Global Allocation Fund portfolio manager at BlackRock, says bonds are not working as a hedge as yields on 30-year US Treasuries rose to the highest since 2007 this week. He talks about the factors he sees driving long-dated bonds and why he doesn’t see $100 oil derailing the US economic expansion. (Source: Bloomberg)
BlackRock (ORG) Koesterich Sees Energy Stocks (ORG) Diversifier Russ Koesterich (PERSON) Global Allocation Fund (ORG) US Treasuries (ORG) US (LOCATION) Bloomberg (PERSON)
Originally published by Bloomberg Markets Read original →

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