Skip to content
Subscriber Only
Markets

BlackRock at $6 Trillion; Fink Positive on Effect of Tax Law

  • Clients will have more cash flow to put money to work, he says
  • Firm reports $367 billion in net inflows, best in its history
Video player cover image

BlackRock's Fink Calls for CEO Clarity on Tax Cut Money

Updated on

BlackRock Inc. crossed the $6 trillion asset mark and is already seeing benefits from the new U.S. tax law.

The world’s largest asset manager hit $6.3 trillion in the fourth quarter and said net income was bolstered by $1.2 billion related to the tax legislation as well as flows into exchange-traded funds last year. The New York-based company’s Chief Executive Officer Laurence D. Fink said in a statement Friday that BlackRock had the strongest net flows in its history last year -- $367 billion.