The largest asset manager in the world has reached a new record in assets under management.
BlackRock has announced its assets under management (AUM) grew to US$10 trillion in Q4 2021, up 15 per cent compared to a year earlier.
Total net inflows for the quarter were US$212 billion with long-term net flows accounting for US$169 billion.
“BlackRock delivered the strongest organic growth in our history, even as our assets under management reached new highs,” said BlackRock chairman and CEO Laurence D Fink.
ETFs made up US$104 billion of BlackRock’s net flows during the quarter and US$306 billion for the full year, reaching a total of $3.27 trillion in AUM.
The firm recorded US$540 billion in total net flows in 2021 including US$459 billion in long-term net flows.
“Our business is more diversified than ever before – active strategies, including alternatives, contributed over 60 per cent of 2021 organic base fee growth,” said Mr Fink.
Retail net flows were US$22 billion for the quarter and US$102 billion for the full year with AUM of US$1.04 trillion.
Meanwhile, institutional net flows were US$43 billion in Q4 and US$51 billion in 2021 for $4.94 trillion in AUM.
Revenue during the quarter grew 14 per cent year-on-year to US$5.11 billion while full-year revenue was up 20 per cent to US$19.37 billion.
“As the world continues to navigate uncertainty and profound shifts in economies and societies at large, BlackRock remains focused on helping our clients meet their investment goals,” said Mr Fink.
“BlackRock enters 2022 better positioned than ever – we remain confident in our ability to continue generating differentiated organic growth over the long-term and helping more and more people experience financial wellbeing.”
Jon Bragg is a journalist for Momentum Media's Investor Daily, nestegg and ifa. He enjoys writing about a wide variety of financial topics and issues and exploring the many implications they have on all aspects of life.
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