Reported about 10 hours ago
BlackRock Inc. reached a record $12.5 trillion in assets after attracting $46 billion in investment funds despite market turbulence sparked by President Trump's tariff policies. The firm reported significant inflows into exchange-traded funds and equities, but net flows into long-term investments fell short of expectations due to a significant redemption from one institutional client. BlackRock's CEO emphasized the company's shift from traditional asset management to a focus on private markets, highlighted by recent acquisitions aimed at expanding its investment offerings.
Source: YAHOO