Larry

Boost

Strong

BlackRock

<p>BlackRock, a multinational investment company confirmed on friday that it has hit a record of $11.5 trillion in assets under management. This big achievement shows their smart strategies and how investors trust them. But how did they do it? Let’s take a closer look.</p>   
<h2 class="wp-block-heading" id="h-big-boost-from-etfs-and-market-gains">Big Boost from ETFs and Market Gains</h2>   
<p>BlackRock’s growth came from its exchange-traded funds (ETFs). Investors poured $97.41 billion into these funds. In total, they attracted $221 billion in new money during the <a href="https://s24.q4cdn.com/856567660/files/doc_financials/2024/Q3/BLK-3Q24-Earning-Release.pdf" target="_blank" rel="noreferrer noopener nofollow"><strong>quarter</strong></a>. That’s huge! Investors love their traditional and alternative investment options.</p>   
<figure class="wp-block-image aligncenter size-large is-resized">
 <img src="https://image.coinpedia.org/wp-content/uploads/2024/10/11192223/image-104-35-1024x515.png" alt="blackrock Q3 financial report" class="wp-image-364895" style="width: 100%;height:auto">
</figure>   
<p>The stock markets also helped. After a sell-off in August, the markets bounced back. This rise boosted BlackRock’s assets from $10.65 trillion in the second quarter to $11.5 trillion. Strong markets, especially in the U.S., kept investors confident, leading to more inflows.</p>   
<h2 class="wp-block-heading" id="h-growth-in-private-markets-and-infrastructure">Growth in Private Markets and Infrastructure</h2>   
<p>BlackRock in its move to enter the private market acquired Global Infrastructure Partners for $12.5 billion. This deal added over $100 billion in private assets, helping them get even bigger. Their CEO, Larry Fink, said these steps are key for their future, especially with new tech and AI playing a big role. By the end of 2024, BlackRock will also buy Preqin, a private markets data company, for $3.2 billion. This will help BlackRock manage risks better and make smart decisions in private markets.</p>   
<h2 class="wp-block-heading" id="h-what-s-next-for-blackrock">What’s Next for BlackRock?</h2>   
<p>Even with this record growth, BlackRock’s profit didn’t rise as much. Their net income went up to $1.63 billion, but that’s only a small jump from $1.6 billion last year. Still, their stock has risen 18% this year, though it’s behind the S&amp;P 500, which gained 21%.</p>   
<p>BlackRock is planning to focus more on private credit and other high-return investments. With their recent buys and focus on private markets, they’re set to keep growing. $11.5 trillion isn’t just a number for BlackRock. It’s proof they’re staying strong, adapting, and leading in a changing market.</p>

BlackRock Hits $11.5 Trillion: Here’s How They Did It!

Table of Contents

CoinPedia News

Other articles published on Oct 11, 2024

Dogecoin news suggests these top 3 coins will surpass DOGE

These 3 Altcoins Could Deliver Solana-Like Returns in Q4 of 2024: NOT, SUI, DOT

Fidelity Data Breach Exposes Personal Information of Over 77,000 Customers

Is Satoshi Nakamoto About to Be Exposed? HBO Documentary Claims to Reveal Bitcoin Creator’s Identity

BTC price gains 'on horizon' as Bitcoin whales buy 1.5M BTC — Analysis

Neo Tokyo Taps NFT & Web3 Growth Firm Unfungible To Bring NFT Gaming To The Masses

Join our free newsletter for daily crypto updates!