<\/p>\n
BlackRock pulled in US$160 billion of client cash to its long-term investment funds last quarter, pushing the world\u2019s largest money manager to a record US$11.5 trillion of assets as it seeks to become a one-stop shop for stocks, bonds and, increasingly, private assets.<\/p>\n
Investors added US$97 billion to exchange-traded funds and US$63 billion to fixed-income overall in the third quarter, New York-based BlackRock said, in a statement, a total that topped the US$100 billion average estimate of analysts surveyed by Bloomberg. BlackRock has pulled in US$360 billion of total net inflows so far this year, surpassing the full-year net flows of 2022 and 2023.<\/p>\n
\u201cWe are effectively leveraging our technology, scale, and global footprint to deliver profitable growth,\u201d chief executive officer Larry Fink said in the statement.<\/p>\n
After the third quarter ended, the firm completed its US$12.5 billion acquisition of Global Infrastructure Partners on Oct 1, in a deal adding US$116 billion of private market assets.<\/p>\n
The company also had US$61 billion in net flows to cash-management and money-market funds in the period. Total net flows were US$221 billion.<\/p>\n
BlackRock is positioning itself as a single place for global clients to invest across public and private markets. It benefited this year from the surge in stocks and cash beginning to flow into fixed-income and private funds. The S&P 500 Index rose about 5.5 per cent in the third quarter, and investors are betting the Federal Reserve won\u2019t need to cut rates aggressively in the near-term to avoid a recession.<\/p>\n
The firm is also signalling that it wants to catch up in the fast-growing market for private credit, recently shaking up the senior executive team of its global private debt business and establishing a direct-lending group. BlackRock is exploring a purchase of HPS Investment Partners that could value the private credit firm in excess of US$10 billion.<\/p>\n
BlackRock\u2019s adjusted net income per share rose 5 per cent from a year ago to US$11.46 per share. Revenue rose 15 per cent to US$5.2 billion from a year ago.<\/p>\n
<\/p>","protected":false},"excerpt":{"rendered":"
BlackRock pulled in US$160 billion of client cash to its long-term investment funds last quarter, pushing the world\u2019s largest money manager to a record US$11.5 trillion of assets as it seeks to become a one-stop shop for stocks, bonds and, increasingly, private assets. Investors added US$97 billion to exchange-traded funds and US$63 billion to fixed-income […]<\/p>\n","protected":false},"author":1,"featured_media":2676,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2675","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bez-rubriki"],"featured_image_src":{"landsacpe":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2024\/10\/BlackRock-1-1140x445.jpg",1140,445,true],"list":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2024\/10\/BlackRock-1-463x348.jpg",463,348,true],"medium":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2024\/10\/BlackRock-1-300x200.jpg",300,200,true],"full":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2024\/10\/BlackRock-1-scaled.jpg",2560,1707,false]},"_links":{"self":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/2675","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/comments?post=2675"}],"version-history":[{"count":1,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/2675\/revisions"}],"predecessor-version":[{"id":2677,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/2675\/revisions\/2677"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/media\/2676"}],"wp:attachment":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/media?parent=2675"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/categories?post=2675"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/tags?post=2675"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}