BlackRock Assets Soar to Record $10.6 Trillion on ETF Surge
TL;DR
BlackRock Inc. reached a record $10.6 trillion in assets, driven by significant inflows into ETFs and fixed-income funds. The firm saw $51 billion in client cash added to long-term investment funds in Q2, despite some large redemptions. BlackRock's diversified growth includes private markets and a recent acquisition of Global Infrastructure Partners, enhancing its position in infrastructure investments. The company's adjusted net income per share rose 12% from the previous year, surpassing Wall Street estimates.
- BlackRock Hits $10.6 Trillion Asset Record, Cites ETF Boost Yahoo Finance
- BlackRock Posts Earnings Beat, Assets Jump 13% to Record $10.6 Trillion. Stock Rises. Barron's
- BlackRock assets hit record $10.6 trillion high on ETF flows, bull market Reuters
- BLK Earnings: BlackRock Rises Slightly After Mixed Q2 Results TipRanks
- BlackRock assets under management hit record high of $10.6tn Financial Times
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