BlackRock, the world’s largest asset manager, has downgraded equities and turned more cautious on stocks, the article reports.

The move reflects growing caution about current corporate valuations and broader economic stability.

Equity exposure has been trimmed significantly as portfolios shift toward fixed-income assets.

Short-dated U.S. Treasuries have emerged as a main beneficiary of the repositioning.

Locking in current income has become a top priority for cautious portfolio managers.

Headlines cited in the article say it is the firm’s first change of mind on bonds in six years.

Market watchers are waiting to see whether other major funds follow the defensive path.

Further moves depend on upcoming inflation reports and central bank policy decisions.

Read the full article for more details on BlackRock’s shift away from stocks.