The Bid

Introducing Market take from the BlackRock Investment Institute. Market take is a quick, weekly, digest on what's driving markets, providing investing insights and analysis across asset classes, investment strategies and borders. You'll be able to hear Market take episodes right here on The Bid for the next few weeks on Mondays. We see volatility as a constant in the new regime. Wei Li, BlackRock Global Chief Investment Strategist, explains why we’re neutral long-term U.S. Treasuries. This material is intended for information purposes only, and does not constitute investment advice, a recommendation or an offer or solicitation to purchase or sell any securities, funds or strategies to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. The opinions expressed are as of the date of publication and are subject to change without notice. Reliance upon information in this material is at the sole discretion of the reader. Investing involves risks. BlackRock does and may seek to do business with companies covered in this podcast. As a result, readers should be aware that the firm may have a conflict of interest that could affect the objectivity of this podcast.In the U.S. and Canada, this material is intended for public distribution.In the UK and Non-European Economic Area (EEA) countries: this is Issued by BlackRock Investment Management (UK) Limited, authorised and regulated by the Financial Conduct Authority. Registered office: 12 Throgmorton Avenue, London, EC2N 2DL. Tel:+ 44 (0)20 7743 3000. Registered in England and Wales No. 02020394. For your protection telephone calls are usually recorded. Please refer to the Financial Conduct Authority website for a list of authorised activities conducted by BlackRock.In the European Economic Area (EEA): this is Issued by BlackRock (Netherlands) B.V. is authorised and regulated by the Netherlands Authority for the Financial Markets. Registered office Amstelplein 1, 1096 HA, Amsterdam, Tel: 020 – 549 5200, Tel: 31-20- 549-5200. Trade Register No. 17068311 For your protection telephone calls are usually recorded.For Investors in Switzerland: This document is marketing material.In South Africa: Please be advised that BlackRock Investment Management (UK) Limited is an authorised Financial Services provider with the South African Financial Services Board, FSP No. 43288.In Singapore, this is issued by BlackRock (Singapore) Limited (Co. registration no. 200010143N). 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This material is not a financial product recommendation or an offer or solicitation with respect to the purchase or sale of any financial product in any jurisdictionIn Latin America: this material is for educational purposes only and does not constitute investment advice nor an offer or solicitation to sell or a solicitation of an offer to buy any shares of any Fund (nor shall any such shares be offered or sold to any person) in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities law of that jurisdiction. If any funds are mentioned or inferred to in this material, it is possible that some or all of the funds may not have been registered with the securities regulator of Argentina, Brazil, Chile, Colombia, Mexico, Panama, Peru, Uruguay or any other securities regulator in any Latin American country and thus might not be publicly offered within any such country. 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This podcast explores the increasing importance of emerging markets and the potential benefits of interest rate cuts. It discusses factors driving forward emerging markets, such as supply chain rewiring and demographic population shifts. India's potential outperformance and rise as the world's third-largest economy are examined. The impact of near-shoring on emerging market economies is explored, with focus on Mexico, Poland, and Vietnam. The evolving approach to emerging markets, including the trend of investing in ETFs that exclude China, is also discussed.

Electric vehicles, or EVs, have been hailed as the future of transportation. They promise cleaner air, reduced dependence on fossil fuels, and a seismic shift in how we commute. But as we navigate this high-speed journey towards an electric future, there are certainly some speed bumps ahead, whether it's concerns about range anxiety, the availability of charging infrastructure, or simply the price tag of EVs.Charlie Lilford, Portfolio Manager for BlackRock's Fundamental Equities business, joins host Oscar Pulido to talk about the rate of adoption of electric vehicles across the world. and where he sees the most exciting investment opportunities.Sources: IEA, July 2023; S&P Global Mobility, May 2023; US Department of Transportation, data for 2022; BlackRock Fundamental Equity analysis, with data from China Passengar Car Association, Oct. 2022; BlackRock Fundamental Equity analysis, with data from IEA, April 2023See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The face of finance has evolved considerably of late. From changing financial architecture and payment applications through to regulatory developments and the impact of AI, all of which have major implications for banking’s business models.Alex Brazier, Deputy Head of the BlackRock Investment Institute joins host Oscar Pulido, to talk about the first of these big megaforces, the future of finance. Alex will explain what this big shift will entail for banks, companies and investors as we grapple with a changing economy and structural changes.This content is for informational purposes only and is not an offer or a solicitation. Reliance upon information in this material is at the sole discretion of the listener.In the UK and Non-European Economic Area countries, this is authorized and regulated by the Financial Conduct Authority. In the European Economic Area, this is authorized and regulated by the Netherlands Authority for the Financial Markets.For full disclosures go to Blackrock.com/corporate/compliance/bid-disclosuresSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

In periods of volatility, investors can often be short sighted when considering the outlook ahead. But your retirement is a journey that's not only personal, but also profoundly influenced by external factors. Anne Ackerley, head of BlackRock's Retirement Group joins host Oscar Pulido to help us consider the current market conditions from a retirement lens and explains the five major forces that are shaping the retirement outlook.Sources: AgeWave analysis (US Census Bureau, 2000); How Americans Save, Vanguard 2022; ICI, EBRI 2022; BlackRock's 2023 Read on Retirement (TM); AARP 2022; WEF 2023, What's really driving the gender retirement savings gap?;This content is for informational purposes only and is not an offer or a solicitation. Reliance upon information in this material is at the sole discretion of the listener.In the UK and Non-European Economic Area countries, this is authorized and regulated by the Financial Conduct Authority. In the European Economic Area, this is authorized and regulated by the Netherlands Authority for the Financial Markets.For full disclosures go to Blackrock.com/corporate/compliance/bid-disclosuresSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

This podcast explores the evolution and capabilities of AI in investing, including the use of AI algorithms to generate alpha and their advantages over human decision-making. It discusses the difficulties of using historical data in training predictive models in a new investment regime and explores the ethical concerns and business impact of AI. It also delves into the potential applications of AI in industries such as productivity, automation, healthcare, chip design, and simulation environments.

Jeff Shen, Co-CIO and Co-head of Systematic Active Equity at BlackRock, discusses the history and milestones of AI, recent developments in AI algorithms, investment opportunities in the AI space, and the potential of AI in the investment industry.

A combination of public and private investments in neuroscience, government grants, and charitable donations are helping accelerate a wave of advancements and opportunities in the field of neuroscience. Recent clinical trial success for the second significant, disease-modifying drug to treat Alzheimer’s is a critical milestone and a positive sign for the future of neuroscience. So, what does this mean for the healthcare investment landscape?Jeff Spiegel, US Head of BlackRock Megatrend, International and Sector ETFs across index and active strategies talks about these latest breakthroughs in neuroscience and why it demands a closer look when considering healthcare opportunities in your portfolio.Sources:United States Census Bureau, “Older People Projected to Outnumber Children for First Time in U.S. History,” March 13, 2018; United Nations, “2022 Revision of World Population Prospects,” 2022; Eli Lilly, “Lilly's Donanemab Significantly Slowed Cognitive and Functional Decline in Phase 3 Study of Early Alzheimer's Disease,” May 3, 2023; FactSet, Springer Adis Insight, 2022; BlackRock analysis; Alzheimer’s Association, ”2023 Alzheimer’s disease facts and figures,” April 19, 2023; Data Bridge Market Research, “Global Traumatic Brain Injuries Treatment Market – Industry Trends and Forecast to 2029,” February 2022; Kuehn, Bridget M. "WHO: Pandemic Sparked a Push for Global Mental Health Transformation." JAMA 328.1 (2022): 5-7; Biogen, “FDA Approves ZURZUVAE™ (zuranolone), the First and Only Oral Treatment Approved for Women with Postpartum Depression, and Issues a Complete Response Letter for Major Depressive Disorder,” August 4, 2023; PLOS One, “Adversarial confound regression and uncertainty measurements to classify heterogeneous clinical MRI in Mass General Brigham,” March 2, 2023; U.S. Food and Drug Administration, “New Drug Therapy Approvals 2022,” January 2023.This content is for informational purposes only and is not an offer or a solicitation. Reliance upon information in this material is at the sole discretion of the listener.In the UK and Non-European Economic Area countries, this authorised and regulated by the Financial Conduct Authority. In the European Economic Area, this is authorised and regulated by the Netherlands Authority for the Financial Markets.For full disclosures go to Blackrock.com/corporate/compliance/bid-disclosuresSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Private debt, private credit, direct lending. Why are these asset classes capturing investors' imaginations around the world? Are they a viable option for individual investors or restricted only to the large institutional investors? Jimmy Keenan, Chief Investment Officer and global head of Private Debt for BlackRock joins Oscar to do a deep dive into the enigmatic world of private debt, ask why it's having a resurgence in these particular market conditions and explore the risks and opportunities that are inherent from this alternative asset class.This content is for informational purposes only and is not an offer or a solicitation. Reliance upon information in this material is at the sole discretion of the listener.In the UK and Non-European Economic Area countries, this authorised and regulated by the Financial Conduct Authority. In the European Economic Area, this is authorised and regulated by the Netherlands Authority for the Financial Markets.For full disclosures go to Blackrock.com/corporate/compliance/bid-disclosuresSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Claire Chamberlain, Global Head of Social Impact at BlackRock, discusses the emergency savings crisis in the US and its impact on individuals, businesses, and the economy. The importance of having emergency savings is highlighted, along with the research on the impact of liquid savings during the COVID pandemic. Convenient saving methods such as point of payroll savings are explored, and the correlation between a happy workforce and increased productivity is discussed.