Reported 18 days ago
BlackRock has set a new record with $13.46 trillion in assets under management, a 17% increase from the previous year, driven by strong market performance and significant new client investments. Despite a 19% drop in net income to $1.32 billion, the company exceeded earnings expectations, fueled by a growing demand for exchange-traded funds and expanding into private market investments. BlackRock aims to enhance its position by raising $400 billion for private market funds by 2030.
Source: YAHOO