Blackrock: Markets May Be too Complacent Over Brexit Risk

(Reuters) Financial markets, particularly equities, may be under-pricing the risk of Britain leaving the European Union, the world’s largest asset manager said on Thursday, two weeks before Britons vote in a referendum on EU membership. Owen Murfin, co-lead manager for global bond strategies at Blackrock BLK.N., said that markets appear to be treating the possibility of Brexit as a local event rather than a globally systemic risk…

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