BlackRock surpasses $10.6T record AUM boosted by ETF inflows
The asset manager saw record ETF inflows at the beginning of the year, helping it surpass the $10 trillion mark.
BlackRock has reached a record of over $10.6 trillion worth of assets under management (AUM), securing a $1.2 trillion year-over-year growth.
The world’s largest asset manager said that surpassing the $10 trillion mark was partly attributed to the growing inflows into exchange-traded funds (ETFs).
According to Larry Fink, CEO of BlackRock, the firm’s ETFs received record inflows at the beginning of 2024.
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Author: Zoltan Vardai
