"Growth here in the U.S. is improving both in a quality and quantity sense, and that's a favorable comparison to the rest of the developed world," he said.
Turning to commodities, Doll predicted that as long as global growth remains reasonably strong, commodity prices should appreciate in 2011. He expects oil to top $100 per barrel during the year and gold prices to move higher, albeit at a more subdued pace.
BlackRock was founded in 1988 as a bond trading shop and now ranks as the world's largest investment management firm, with $3.45 trillion in assets. It markets its mutual funds, exchange-traded funds, and other securities primarily through financial advisors, and is pushing more aggressively into advisor channels.
--Bruce W. Fraser