BlackRock places Spain as one of its favorite bets for 2026: “It presents an incredible photograph”

BlackRock, the largest asset manager in the worldplaces Spain as one of its favorite markets for 2026, in what is its biggest commitment to the country in at least the last five years. “Spain presents incredible photography,” commented the group’s sales manager for Iberia. Javier García Díaz. During the presentation of the annual perspectives, economic growth highlighted which registers above the eurozone, with an advance of 8% since the pandemic, compared to 6% in Europe.

In this sense, Díaz has argued that there are reasons that invite optimism in an environment of controlled inflation, trade surplus and with a labor market that invites optimism. Furthermore, the Ibex 35the stock market reference in Spain, has a high representation of sectors that BlackRock likes such as banking, infrastructure or energy companies, which despite the revaluation experienced in recent quarters, consider that the valuations remain attractive.

The selective accumulates an increase of 43%, being that of MSCI Spain greater than 50%. “We cannot predict a 50% increase, but we are convinced that it should do well,” he says. The North American manager It has funds for 50,000 million distributed in Spainwhile the investment amounts to 80,000 million. During the presentation of the annual perspectives, Díaz has also recommended increasing portfolio risk, increasing exposure to the United States and Japan. In fact, these two place them at a level of preference above Spain.

In the case of US equities, he explained that the investment necessary for the development of the Artificial intelligence It will reach between five and eight trillion by 2030, an investment that will benefit both “hyperscalers” and other sectors, “permeating throughout the entire economy.” According to BlackRock calculations, productivity can be increased by up to 15%, generating 1.5% additional GDP. The manager headed by Larry Fink considers that there are other areas linked to Artificial Intelligence in which there may be potential, such as data protection and computer security companies; those dedicated to digital and energy infrastructures. This technology will require a high demand for electricity, which is why this segment has a future.