Blackrock's Assets are at a Record Level.. $10.65 Trillion

  • International
  • 16 July 2024
1

Assets managed by BlackRock, the world's largest asset manager, reached a record $10.65 trillion in the second quarter of 2024, thanks to rising customer asset values and investors injecting money into the company's ETFs.

BlackRock's total revenue jumped 8 percent to $4.81 billion. Net income rose to $1.50 billion, or $9.99 a share, in the three months ended June 30, up from $1.37 billion, or $9.06 a share, a year earlier.

BlackRock recorded total net inflows of $81.57 billion this quarter, slightly more than $80.16 billion a year earlier.

Source (Al Khaleej Emirati Newspaper, Edited)

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