US equity market is still underinvested, says Blackrock's Fink

Markets across the world are sailing through tough times at present. Most markets are dealing with internal issues like slow economic recovery, excessive debt, unemployment and inflation.

Moreover, rising crude prices have posed a new threat for the global markets, making them more vulnerable. As far as the US market is concerned, it is still in the process of making gradual recovery. In an interview to CNBC-TV18, Laurence Fink, chairman and CEO of BlackRock said that the US equity market is still one of the most underinvested classes of assets. He believes that the fixed income market is valued very much in the credit markets as the equities have not showed much spark.

Talking about the US banking system, he said that the US has been much more aggressive in terms of restructuring the banking system.