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BlackRock's assets hit record $14 trillion on fourth-quarter markets rally
- Thursday's results showed assets under management reached US$14.04 trillion, with adjusted net profit at US$2.18-billion for the three months ended Dec. 31, surpassing expectations.
- As inflation eased and the job market cooled, the Federal Reserve turned more dovish, driving strong fixed-income inflows while an AI-driven U.S. stock rally boosted equities and ETFs.
- Equity product inflows totalled US$126.05-billion and fixed-income product inflows US$83.77-billion, driving long-term net inflows of about US$267.8 billion and performance fees of US$754-million.
- Shares rose 2.5 per cent in premarket trade after the results, and total revenue climbed to US$7-billion from US$5.68-billion, while full-year net inflows hit a record US$698.26-billion.
- BlackRock is leaning more heavily into private markets, real estate and infrastructure with a focus on AI-linked assets, targeting US$400-billion fundraising by 2030 and planning retirement plans inclusion after US$12.71-billion quarterly inflows.
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American investment company BlackRock announced today that it had achieved a record $698.3 billion in net inflows.
·Belgrade, Serbia
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BlackRock's assets hit record $14 trillion on fourth-quarter markets rally
BlackRock's fourth-quarter profit surged past Wall Street estimates on Thursday while a rally in markets boosted fee income and lifted the company's assets under management to a record $14 trillion.
·United Kingdom
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Coverage Details
Total News Sources25
Leaning Left1Leaning Right1Center4Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
L 17%
C 67%
R 16%
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