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BlackRock increases its bet on AI stocks within a $160 billion model portfolio.
DailyNews
Golden Finance reported that the world’s largest asset management company is increasing its bets on artificial intelligence (AI) in its model portfolios in the U.S., while reducing overall equity exposure due to tariff uncertainties. BlackRock is increasing its exposure to AI in its equity-heavy portfolio through the iShares AI Innovation and Tech Active ETF (ticker BAI). This actively managed fund attracted approximately $436 million in inflows on Tuesday, marking the largest daily net inflow since its inception in October last year, and the fund’s size has consequently quadrupled.
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