BlackRock Director on Investment Shifts, Wealth Transfer

Armando Senra, Head of the Americas Institutional Business at BlackRock, said family offices generally view geopolitical tensions as a source of short-term market and allocation effects, rather than a reason for major long-term portfolio changes. He said investors are attentive to current events but are maintaining broader trends seen among institutional clients: expanding private-market exposure with greater diversification and using ETFs for both active and index strategies. He speaks with Romaine Bostick & Jess Menton on "The Close." (Source: Bloomberg)