BlackRock has surpassed $10trn in assets under management, following record flows into ETFs and active strategies in 2021.
The asset manager reported on 14 January that it generated $540bn of net inflows in 2021, including "an industry leading" $267bn of active net inflows, according to chairman and CEO Laurence Fink. In a statement, Fink said: "BlackRock delivered the strongest organic growth in our history, even as our assets under management reached new highs." AUM in the fourth quarter of 2021 grew 15% to reach $10.01trn, up from $8.68trn at the end of 2020. BlackRock launches two active 'Climate Action' funds Fink added: "Our business is more diversified than ever before - active strategies, in...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
