{"id":214724,"date":"2025-10-15T07:55:10","date_gmt":"2025-10-15T07:55:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/214724\/"},"modified":"2025-10-15T07:55:10","modified_gmt":"2025-10-15T07:55:10","slug":"blackrocks-assets-under-management-hit-record-13-5-trillion","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/214724\/","title":{"rendered":"BlackRock\u2019s assets under management hit record $13.5 trillion"},"content":{"rendered":"

Buoyant markets and $205 billion in new client money helped BlackRock break the $13 trillion mark in assets under management for the first time. <\/p>\n

The world\u2019s biggest asset manager ended the third quarter with $13.46 trillion in assets under management, up 17 per cent from $11.48 trillion a year ago. Its shares closed up $39.40, or 3.1 per cent, at $1,194.52 in New York.<\/p>\n

The company reported net flows of $205 billion, led by continued strength in its exchange-traded fund business, which remains the firm\u2019s key driver of organic growth and broke $5 trillion in assets under management for the first time.<\/p>\n

BlackRock<\/a> said that its private market business, which generates significantly higher fees than exchange-traded funds, drew in $13.2 billion in net inflows in the quarter, including $7.9 billion from its private credit business. It brought its total assets under management to $321 billion at the end of September, generating $951 million in fees in the quarter.<\/p>\n

It follows an almost $30 billion acquisition spree by the company in recent years, in which it bought the private investment managers Global Infrastructure Partners and HPS Investment Partners, as well as Preqin, the UK-based private markets data group.<\/p>\n

Total revenue, the majority of which is earned as a percentage of assets under management, rose to $6.5 billion from $5.2 billion a year ago, driven mainly by the market rally and growth in its base fee, a proxy for what BlackRock collects from fund investors excluding the impact of market moves.<\/p>\n

The asset manager reported a 10 per cent year-on-year increase in organic base fee growth, ahead of the long-term growth target set by Larry Fink, the company\u2019s chief executive.<\/p>\n

\u2022 BlackRock CEO Larry Fink: We\u2019re investing in \u2018undervalued\u2019 Britain<\/a><\/p>\n

Equity product inflow declined to $46 billion, compared with $74 billion a year ago, while fixed-income products recorded inflows of $47.5 billion in the quarter.<\/p>\n

The company also reported $34 billion in net flows into the cash management strategies that BlackRock offers, as well as $17 billion into digital assets. The company\u2019s iShares crypto fund has quickly grown to almost $100 billion in assets under management since it was launched roughly two years ago.<\/p>\n","protected":false},"excerpt":{"rendered":"Buoyant markets and $205 billion in new client money helped BlackRock break the $13 trillion mark in assets…\n","protected":false},"author":2,"featured_media":214725,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[64,63,99,186,184,185],"class_list":{"0":"post-214724","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-au","9":"tag-australia","10":"tag-business","11":"tag-finance","12":"tag-personal-finance","13":"tag-personalfinance"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/214724","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=214724"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/214724\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/214725"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=214724"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=214724"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=214724"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}