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Investment

Buy-back boom driven by loose Fed policy

The record $133 billion in buybacks for S&P companies announced in April are an economic distortion resulting from years of accommodative monetary policy and could be costing shareholders long-term performance, according to BlackRock's US-based chief investment officer of fundamental fixed income Rick Rieder.

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Read more: USInvestmentRick RiederAprilBlackRockS&P companiesFed policy