BlackRock now globally manages more than USD200 billion in long-term sustainable strategies, with global sustainable assets across active, index, and alternative asset classes doubling from the USD100 billion gathered at the end of March 2020. [14][11] By the end of 1999, BlackRock was managing $165 billion in assets. BlackRock is the largest asset manager in the world with over $8.59 trillion in assets under management. BlackRock reported a 15.9% year-over-year decline in assets under management in the third quarter of 2022, eased by ETF inflows. Accessed April 18, 2023. https://www.statista.com/statistics/1256775/blackrock-aum-investment-style-client-type/, BlackRock. In South Korea, Qualified Professional Investors (as defined in the Financial Investment Services and Capital Market Act and its sub-regulations). The shares fell 1.6% in early trading in New York to $854. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Industry-specific and extensively researched technical data (partially from exclusive partnerships). https://d18rn0p25nwr6d.cloudfront.net/CIK-0001364742/24d3fb11-2c9c-432f-8301-843234c14f1b.pdf, https://www.blackrock.com/corporate/literature/fact-sheet/dei-annual-report.pdf, https://www.blackrock.com/corporate/newsroom/press-releases/article/corporate-one/press-releases/blackrock-efront-acquisition, https://www.blackrock.com/corporate/newsroom/press-releases/article/corporate-one/press-releases/blackrock-to-acquire-aperio, https://www.reuters.com/article/us-blackrock-barclays/blackrock-to-buy-bgi-becomes-top-asset-manager-idUSTRE55B06X20090612, https://www.wsj.com/articles/fed-hires-blackrock-to-help-calm-markets-its-etf-business-wins-big-11600450267. This compares to 9.5. Performance shown is derived from applicable benchmarks or peer median information, as selected by BlackRock, Inc. Compared to the median yield of 3.06% in the Finance sector, BlackRocks 4-year average yield is slightly lower. [25][26], On April 1, 2011, BlackRock was added as a component of the S&P 500 stock market index. Blackrock's revenue grew 32% to $4.82 billion. BlackRock Inc. has disclosed 5,763 total holdings in their latest SEC filings. [10] Schwarzman remained with Blackstone, while Fink became chairman and CEO of BlackRock.[10]. Get access to the news, research and analysis of events affecting the retirement and institutional money management businesses from a worldwide network of reporters and editors. Blackrock is trading at a 17.9x EV/EBIT ratio. As soon as this statistic is updated, you will immediately be notified via e-mail. BlackRock reported a 15.9% year-over-year decline in assets under management in the third quarter of 2022, eased by ETF inflows. 19,800 people were employed by BlackRock at the end of 2022, up from 18,400 in 2021. This came out to a price of $509.38 per share. The company has also faced criticism for its close ties with the Federal Reserve during the COVID-19 pandemic and for anti-competitive practices due to its significant ownership stakes in so many companies. Changes in the rates of exchange between currencies may cause the value of investments to diminish or increase. Chart. [42][43], In January 2020, PNC Financial Services sold its stake in BlackRock for $14.4 billion. [34] BlackRock announced in November 2015 that they would wind down the BlackRock Global Ascent hedge fund after losses. BlackRock is trading more in line with competitors on a forward EV/EBIT basis: BlackRock vs. BlackRock shares are traded on the New York Stock Exchange (NYSE), with a market capitalization of $110 billion as of January 20, 2023. "[71] The Financial Times described BlackRock as having secured a prominent advisory role in the Feds post-COVID asset purchase program, prompting concerns over whether BlackRock would use its influence to encourage the Fed to purchase BlackRock products; during the Fed's 2020 quantitative easing program, BlackRock's corporate bond ETF received $4.3 billion in new investment, compared to the respective $33 million and $15 million received by BlackRock's competitors Vanguard Group and State Street. The editorial board opined that "ESG mandates, which also carry substantial litigation and reputation risks, will cause many companies to shun public markets. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 70m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. The percent of the stake owned by Blackstone also fell to 40%, compared to Fink's staff. In turn, the company wouldnt collect as much from fees. dollars)." In Latin America, institutional investors and financial intermediaries only (not for public distribution). 2023 Global Climate Survey - Are investors moving from aspiration to implementa, Valuing Banks: Hidden Losses Versus Assets, Research for Institutional Money Management, Global Fixed Income: Volatility and Uncertainty Here to Stay, For institutional investors, ETFs can make meeting liquidity needs easier, Gold: the most effective commodity investment, 2021 Investment Outlook | Investing Beyond the Pandemic: A Reset for Portfolios, Ten ways retirement plan professionals add value to plan sponsors. With data. The Website has not made, and expressly disclaims, any representations with respect to any forward-looking statements. BlackRock's revenues grew 14 per cent in the last three months of the year to $5.1bn, while adjusted net income was $1.61bn in the same period. BlackRock's assets under management ballooned to a record $9tn in the first quarter, boosted by record fund inflows across its investment platform, led by fixed income. Are they being cautious about the near-term macro environment or is there trouble ahead for the company? [129][130][131] In June 2020, The New Republic wrote that BlackRock "was having a very good pandemic" and was casting "itself as socially responsible while contributing to the climate catastrophe, evading regulatory scrutiny, and angling to influence [a potential] Biden administration. Fink warned that "inflation is going to be stickier for longer" and estimated that "we're going to have a 4ish floor in inflation." Vint offers a wide range of investment options, including individual bottles and collections, allowing you to diversify your portfolio and minimize risk. Available: https://www.statista.com/statistics/891292/assets-under-management-blackrock/, Total assets under management (AUM) of BlackRock from 2008 to 2nd quarter 2022, Immediate access to statistics, forecasts & reports, Assets under management of BlackRock 2014-2021, by asset class, Total assets under management of BlackRock 2008-2022, Assets under management of BlackRock 2021, by investment style and client type, Assets under management of BlackRock 2021, by product type and region, Number of BlackRock funds worldwide in December 2022, investment style and fund type, Number of BlackRock funds worldwide in December 2022, by fund type and asset class, Number of BlackRock funds worldwide in August 2022, by fund type and region, Number of BlackRock funds worldwide in December 2022, by asset class and region, Number of Vanguard investment funds worldwide in July 2022, by region, Assets under management of Vanguard 1975-2022, Largest Vanguard investment funds worldwide in November 2022, by net assets, Total assets under management of State Street 2010-2022, Assets under management of State Street by asset class 2019-2021, Total revenue by type of State Street 2010-2021, Fastest growing BlackRock funds worldwide in August 2022, by one year return, Worst performing BlackRock funds worldwide in December 2022, by one year return, Largest BlackRock equity ETFs worldwide in December 2022, by net assets, Largest BlackRock equity mutual funds worldwide in October 2022, by net assets, Largest BlackRock fixed income funds worldwide in December 2022, by net assets, Largest BlackRock multi asset funds worldwide in December 2022, by net assets, Largest BlackRock alternative asset funds worldwide in December 2022, by net assets, Total assets of Polymetal International 2012-2022, Revenue to assets of Standard Bank Group Ltd. Limited 2016-2018, Revenue to assets of Investec Ltd. 2016-2018, Revenue to assets of Absa Group Limited 2016-2018, Revenue from casual wear items of SSI Group Philippines 2017-2020, Cash equivalents of Absa Group Limited 2016-2018, Financial costs of Coca-Cola HBC in Poland 2018-2020, Total assets of Absa Group Limited 2016-2018, Book value per share of Standard Bank Group Ltd. 2016-2018, Monthly money supply (M1) in Norway 2018-2022, UK Banking: IMF reserve position of the United Kingdom (UK) 2016-2020, Operating profit of Godrej Consumer Products FY 2015-2022, KSOE's offshore plant operating profit 2015-2022, Titan Company's employed capital FY 2015-2022, Total assets of TAL Education Group China FY 2012-2022, Terex Corporation - SG&A expenses 2015-2021, U.S. flexible packaging industry selected data 2000-2016. Disclosure: The contents of this newsletter are in no way intended to provide financial advice. Multiple asset classes could decline simultaneously and BlackRocks AUM would take a beating. If the world economy were to slip into a recession, asset prices would likely decrease. Computershare Investor Services LLC 480 Washington Boulevard Jersey City, New Jersey 07310-190 (800) 903-8567. Get access to the news, research and analysis of events affecting the retirement and institutional money management businesses from a worldwide network of reporters and editors. [9] In exchange for a 50 percent stake in the bond business, initially Blackstone gave Fink and his team a $5 million credit line. Are you interested in testing our business solutions? During Thursdays earnings call with analysts, Gary S. Shedlin, senior managing director and chief financial officer, attributed a good portion of the firms growth in the first quarter to total net inflows of $171.6 billion in the first quarter, a new high for a three-month period and the fourth quarter in a row of net inflows of more than $100 billion. No information on this Website constitutes business, financial, investment, trading, tax, legal, regulatory, accounting or any other advice. The company offers investment options across various asset classes: stocks, bonds, real estate, commodities, and cash. The company has been criticized by people of varying political parties: as an investor in almost every public company, it has been criticized by followers of left-wing politics for investing in companies that are involved in fossil fuels, the arms industry, and human rights violations in China. AUM by Product TypeEquity: 51%Fixed Income: 30%Multi-Asset: 8%Alternatives: 3%Cash management: 8%, Headquarters address:55 East 52nd StreetNew York, NY 10055 United StatesPhone number: 1 212 810 5300Website: www.blackrock.com, 400 Howard StreetSan Francisco, CaliforniaUSA 94105, 701 Brickell AvenueSuite 1250Miami, Florida 33131United States. Tenth Floor The authors noted that this price increase does not necessarily imply conscious collusion among the common owners, but could perhaps be that these firms are now "too lazy to compete" with themselves. In Hong Kong, public distribution. Going from 17.6x to 12x is a 31.82% reduction and when I applied that reduction to the market cap of $113 billion, I found a new market cap of $77.043 billion. Due to the nature of BlackRocks business, it is heavily dependent on the state of global markets. BlackRock Global Allocation Fund seeks returns competitive with global stocks over market cycles but with less risk. https://t.co/11bECJFmg6, Tech Burrito (@TechBurritoUno) Feb 2, 2023, Chinese spy You asking your ballooncrush on a date, Ramp Capital (@RampCapitalLLC) Feb 4, 2023. [80], BlackRock is a shareholder in many institutional investors that own shares in BlackRock. Nov 30, 2022 | By BlackRock Investment Institute The new regime of greater economic and market volatility is playing out - and not going away. Please do not hesitate to contact me. Laurence D. Larry Fink, chairman and CEO, told analysts on the call that the firm had a very strong first quarter, noting that net inflows for the three-month period were very diverse coming from many strategies. As of the second quarter of 2022, the New York City-based asset management company BlackRock had total assets under management (AUM) of around 8.5 trillion U.S. dollars. 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