BlackRock’s Assets Seen Topping $15 Trillion in Five Years’ Time
- Firm’s PT hiked at Morgan Stanley on growth opportunities
- Assets under management hit $9 trillion in first quarter
BlackRock headquarters in New York, US.
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BlackRock Inc.’s assets under management are set to exceed $15 trillion in five years’ time, analysts at Morgan Stanley said, with the broker predicting that fixed income and cash management will help propel the investment manager’s growth.
The world’s top asset manager has already seen a boost amid the recent turmoil in the US banking sector, following the collapse of Silicon Valley Bank in March. BlackRock reported $110 billion of net inflows for the first quarter, beating estimates, while assets rose to $9.09 trillion.