BlackRock Hits $11.5 Trillion of Assets With Private-Market Push

📆 11/10/2024 02:45 م
📰 BNNBloomberg

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BlackRock Inc. pulled in $160 billion of client cash to its long-term investment funds last quarter, pushing the world’s largest money manager to a record $11.5 trillion of assets as it seeks to become a one-stop shop for stocks, bonds and, increasingly, private assets.

Dan Rohinton, portfolio manager of iA Global Asset Management, joins BNN Bloomberg to discuss portfolio strategies amid market uncertainty.

“We are effectively leveraging our technology, scale, and global footprint to deliver profitable growth,” Chief Executive Officer Larry Fink said in the statement. BlackRock’s long-term investment funds took in $160 billion net flows in the period, a total that topped the $100 billion average estimate of analysts surveyed by Bloomberg.

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