BlackRock Total Assets Hit Record $14 Trillion as ETFs Surge
Bloomberg.com • • business
Key Points:
- BlackRock Inc. attracted $342 billion in total client cash in the fourth quarter, boosting its assets under management to a record $14 trillion.
- Investors contributed a net $268 billion to BlackRock's long-term investment funds, with $181 billion flowing into its exchange-traded fund (ETF) business.
- The ETF segment now holds $5.5 trillion in assets, reflecting significant growth in this area.
- For the full year, BlackRock's total inflows, including money-market and cash-management funds, reached a record $698 billion.
- The strong inflows coincide with BlackRock's integration of recent acquisitions aimed at expanding its presence in private markets.
