BlackRock’s assets hit record $7.8-trillion at end of third quarter
BlackRock’s shares are up 22% in 2020, compared with a 3% drop for more than a dozen of its rivals in the US
13 October 2020 - 18:23
New York — BlackRock’s quarterly results exceeded analysts’ estimates on Tuesday helped by broad-based strength in its businesses, as the recovery rally in global financial markets helped the world’s largest asset manager end the quarter with a record $7.81-trillion in assets under management.
“Each of our strategic investment areas, including iShares exchange-traded funds (ETFs), alternatives and technology, continue to grow, while strong investment performance has driven positive active flows over the past year,” said BlackRock CEO Larry Fink. ..
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