BlackRock Inc. Chief Executive Officer Larry Fink said global growth was accelerating and that corporate earnings were keeping pace with higher stock prices.
"Stay in equities," he said on Thursday in response to a question at the asset manager's annual shareholders meeting. "They're going to be a good place for a while."
The remarks are a break in tone for Fink from more dour statements on the U.S. stock market's prospects in recent months.
Fink also said he expected wage growth to continue, following conversations with corporate executives who say they struggle to find the right workers.
This article was provided by Reuters.