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World's biggest investment manager buys into Fletcher

Author
Lesley Deverall,
Publish Date
Tue, 24 Mar 2015, 4:52PM
(Photo: Getty Images)
(Photo: Getty Images)

World's biggest investment manager buys into Fletcher

Author
Lesley Deverall,
Publish Date
Tue, 24 Mar 2015, 4:52PM

BlackRock, the world's biggest investment manager, has snapped up a five percent stake in Fletcher Building.

NZME. reports the New York-based firm, which has about $4.5 trillion US dollars in assets began buying shares in New Zealand's largest listed firm in November.

BlackRock's other New Zealand investments include Spark, OceanaGold and SkyCity Entertainment.

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