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CryptoIntelligence 2024-07-15 22:04:17

BlackRock Surpasses $10.6 Trillion AUM Milestone with Record ETF Inflows

BlackRock Surpasses $10.6 Trillion AUM Milestone with Record ETF Inflows

BlackRock has achieved a new milestone with over $10.6 trillion in assets under management (AUM), marking a $1.2 trillion increase from the previous year. The world’s largest asset manager attributed this growth to significant inflows into exchange-traded funds (ETFs). According to Larry Fink, CEO of BlackRock, the firm’s ETFs saw record inflows at the start of 2024. In the asset manager’s quarterly earnings report, Fink stated: “Organic growth was driven by private markets, retail active fixed income, and surging flows into our ETFs, which had their best start to a year on record.” BlackRock is the issuer of the iShares

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