FILE PHOTO: The BlackRock logo is pictured outside its headquarters in the Manhattan borough of New York City, New York, U.S., May 25, 2021. REUTERS/Carlo Allegri/File Photo
Stock markets overcame the August selloff and broadened their rally in the third quarter, driven by renewed hopes of a soft landing for the world's largest economy after encouraging inflation data. Assets managed by BlackRock shot up to $11.48 trillion in the third quarter, up from $9.10 trillion a year earlier and $10.65 trillion in the second quarter.
A majority of the inflows were captured by ETFs, at $97.41 billion. Meanwhile, clients poured in $62.74 billion into BlackRock's fixed-income products.
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