THE AMERICA ONE NEWS
Jun 1, 2025  |  
0
 | Remer,MN
Sponsor:  QWIKET 
Sponsor:  QWIKET 
Sponsor:  QWIKET: Elevate your fantasy game! Interactive Sports Knowledge.
Sponsor:  QWIKET: Elevate your fantasy game! Interactive Sports Knowledge and Reasoning Support for Fantasy Sports and Betting Enthusiasts.
back  
topic
Fox Business
Fox Business
18 Oct 2024


BlackRock flexed its muscles this week, reminding investors why it is the world’s largest asset manager with a new record $11.5 trillion under management. 

It’s exchange-traded and mutual funds saw a record $221 billion of inflows in the third quarter across multiple products, active, index and regions. 

TickerSecurityLastChangeChange % BLKBLACKROCK INC.1,007.02+4.52 +0.45%

"In my conversations with clients and policymakers around the world, I hear how more and more countries recognize the power of American capital markets and would like to build their own type of capital markets" said BlackRock CEO Larry Fink on the company’s earnings conference call. 

"Record government deficits and tighter bank lending means people, companies, and countries will increasingly turn to markets to finance their retirements, their business, and their economies", he continued. 

BlackRock CEO Larry Fink

Larry Fink, chairman and chief executive officer of BlackRock Inc., during a Bloomberg Television interview in New York, US, on Friday, Jan. 12, 2024.  (Photographer: Victor J. Blue/Bloomberg via Getty Images / Getty Images)

The firm pulled in $97 billion during the quarter, bringing the annual total to $248 billion. $48 billion went to fixed income, $32 billion to core equity and precision ETFs $20 billion, according to the company.

"We're seeing a broadening of ETF adaptation globally, leading to increased levels of utilization which we believe will only continue", Fink predicted. 

TickerSecurityLastChangeChange % IVVISHARES CORE S&P 500 ETF - USD587.39+2.31 +0.39% IEFAISHARES CORE MSCI EAFE ETF - USD DIS76.37+0.49 +0.65% AGGISHARES CORE U.S. AGGREGATE BOND ETF - USD DIS99.51+0.06 +0.06% IWFISHARES RUSSELL 1000 GROWTH ETF - USD DIS382.82+2.07 +0.54%

The firm runs several of the largest ETFs by assets, including iShares Core S&P 500 ETF, iShares Core MSCI EAFE ETF, iShares Core U.S. Aggregate Bond ETF and iShares Russell 1000 Growth ETF, as tracked by VettaFi.

Shares of BlackRock have advanced 24% this year, slightly ahead of the S&P 500’s 23% through Friday.