BlackRock Total Assets Top $10 Trillion After Comeback
- Clients added $63 billion into firm’s long-term flows
- AUM tops analysts’ estimates but just misses its record
BlackRock headquarters in New York.
Photographer: Angus Mordant/BloombergThis article is for subscribers only.
BlackRock Inc. clients jumped into its long-term funds in the fourth quarter, adding $63 billion to ETFs and other products in a sign investors put cash to work as stock and bond markets surged.
The inflows and rise in markets in the past three months of the year pushed BlackRock’s total assets under management just over $10 trillion, the world’s largest asset manager said in a statement Friday. That topped the $9.8 trillion estimate of analysts surveyed by Bloomberg but just missed its record AUM from two years ago.