On Thursday, Hong Kong Exchanges & Clearing CEO Charles Li said [6] China’s stock market was the "safest in the world."
In light of recent events - specifically, the harrowing margin unwind that vaporized trillions in market value in just 15 trading days and prompted mainstream media networks to introduce terrifying "countdown to China open" segments - it’s easy to see why some folks might disagree.
One person who would probably contend that US markets are far less risky than Chinese equity casinos is BlackRock chief Larry Fink who, as we saw on Thursday, doesn’t think much of the notion that the proliferation of esoteric fixed income ETFs is endangering the entire financial system.
Speaking of BlackRock and safe investments, if you really want a refuge from today’s turbulent financial markets, the firm recommends the iShares Russell 1000 Growth ETF which, on the completely meaningless sliding risk scale which starts at neon green (100% safe) and dead ends at Caribbean blue (risky as hell), comes in at a comforting greenish-teal.
The visual is below, along with a bit about BlackRock's methodology. We'll leave it to you to assess the level of risk based on your own multi-hued sliding risk scale:
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h/t from @ToddMichalak [9]
