HomeWorld NewsBlackRock now manages more than $10 trillion in assets

BlackRock now manages more than $10 trillion in assets

BlackRock (BLK), proprietor of the favored iShares household of ETFs, introduced Friday that it ended the 12 months with more than $10 trillion in assets beneath administration. That’s up 15% from 2020 ranges.
Nearly a 3rd of that $10 trillion whole was invested in ETFs, lots of that are passive funds in the iShares household that monitor widespread indexes just like the S&P 500 (IVV) and Russell 2000 (IWM) in addition to varied sector funds.

Yet shares of BlackRock, which additionally reported earnings that topped forecasts, fell more than 2% Friday.

CEO Larry Fink acknowledged continued challenges for the worldwide economic system and monetary markets.

Soaring inflation is consuming into client’s paychecks. The Federal Reserve and different central banks around the globe are anticipated to chop charges to tame surging costs. But overly aggressive fee hikes might sluggish the economic system.

And the Omicron variant of Covid-19 might put a dent into financial exercise.

As Fink famous, “the world continues to navigate uncertainty and profound shifts in economies and societies at large.”

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