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BlackRock AUM surpasses $12 trillion

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BlackRock recorded a considerable boost in assets under management to well above US$9 trillion in the third quarter.

BlackRock ended the third quarter on US$9.46 trillion ($12.8 trillion) in assets under management (AUM), a boost of 21 per cent from the year prior.

The group reported US$75 billion in total net inflows over the three months to September, reflecting outflows from low-fee cash management and advisory AUM.

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There was a 16 per cent increase in revenue year-on-year, to US$5.05 billion, while operating incomes added 10 per cent to $US1.94 billion.

The ETF segment grew to US$3.04 trillion in AUM, following inflows of US$58 billion in the three-month period. The retail segment added a further US$23 billion in the third quarter to surpass US$1 trillion.  

For institutional investors, actively invested managed funds came to US$1.64 trillion, while the index segment ended September on US$3.1 trillion.

Commenting on the giant’s results, BlackRock CEO and chairman, Laurence D. Fink, credited the growth to the “strength of our diversified investment and technology platform”.

“Organic growth was broad-based, spanning our active platform as well as in each of our ETF product categories. We delivered our 10th consecutive quarter of active equity inflows and client demand for ESG remains strong, with $31 billion of inflows across our sustainable active and index strategies,” Mr Fink said.

“Our long-term strategy remains centred on staying ahead of our clients’ needs and living our purpose of helping more and more people experience financial wellbeing.”

BlackRock AUM surpasses $12 trillion

BlackRock recorded a considerable boost in assets under management to well above US$9 trillion in the third quarter.

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Maja Garaca Djurdjevic

Maja Garaca Djurdjevic

Maja's career in journalism spans well over a decade across finance, business and politics. Now an experienced editor and reporter across all elements of the financial services sector, prior to joining Momentum Media, Maja reported for several established news outlets in Southeast Europe, scrutinising key processes in post-conflict societies.

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