Nandini Dearer By Rs 3-4 From March

If you are a buyer of the Nandini brand of milk, then your morning cuppa will become that much more dearer. After some churning, the Karnataka Milk Federation (KMF) has decided to hike Nandini milk prices by Rs 3 to Rs 4 starting from March 1.

Clients are looking for more concentratedportfolios that have less than 100 stocks. "If they have the ability to actively outperform, they aregoing to be big winners," he said BlackRock managed $1.373 trillion as of June 30. Thecompany said on Tuesday second-quarter profit fell to $218million from $274 million a year earlier. "Clients are going to have, probably overall, a little lessexposure than they did in alternatives and equities. So manyclients had an under allocation in fixed income," he said. Clients also are taking on a barbell approach to equitymarkets, he said.

While they are looking at passive strategiesmore than they did in the past, they also want active managerswho are more robust, he said. The days of managing more 200 to 300 stocks is probablyover, Fink said. After last year's sharp downturn in equity markets andchaotic swings in bond markets, clients are taking a moreconservative approach, Fink said. "But also we're looking at howthey think about how they should allocate in the equity spacebetween active and passive," he said. Flows to longer-dated securities increased at BlackRock,which will become the world's largest asset manager when itcompletes the acquisition of Barclays' (BARC.L) moneymanagement unit, Fink said. "We're seeing a total change in how our clients are lookingat asset allocation," Fink said. As the second quarter ended, clients were asking if theycan take on more risk and move money out of cash, LaurenceFink, BlackRock's chief executive, told analysts on aconference call on Tuesday.