This Contents are not intended for, or directed to, persons in any countries or jurisdictions that are not enumerated above, or to an audience other than as specified above. You need at least a Starter Account to use this feature. The opinions expressed in this newsletter are for informational, educational, or entertainment purposes only. It has the opportunity to benefit from the increasing demand for socially responsible investing and the growing popularity of exchange-traded funds. Get full access to all features within our Business Solutions. Even with an influx of client cash, BlackRock reported a year-over-year decline of 14.41% in assets under management to total $8.59 trillion at the end of the fourth quarter compared with AUM of . This material should not be construed as investment advice or a recommendation or an offer or solicitation to buy or sell securities and does not constitute an offer or solicitation in any jurisdiction where or to any persons to whom it would be unauthorized or unlawful to do so. Actual Assets Under Management (AUM) is this value plus cash (which is not disclosed). BlackRock acquired French risk platform eFront for $1.3 billion in 2019. You need at least a Starter Account to use this feature. Chart. As soon as this statistic is updated, you will immediately be notified via e-mail. Lastly, BlackRock has been paying a dividend for 19 years & has raised it for 14 consecutive years. BlackRock's operating expenses in 2022 amounted to $11.488 billion, down from $11.92 billion in 2021. BlackRock now manages $2.6 trillion in such assets. Dollars). Are you interested in testing our business solutions? [111][112][113], The European Ombudsman opened an inquiry in May 2020 to inspect the commission's file on the European Commission's decision to award a contract to BlackRock to carry out a study on integrating environmental, social and governance risks and objectives into EU banking rules ('the prudential framework'). [83][84][85][86][87], BlackRock started drawing attention to environmental and diversity issues by means of official letters to CEOs and shareholder votes together with activist investors or investor networks such as the Carbon Disclosure Project, which in 2017 backed a successful shareholder resolution for ExxonMobil to act on climate change. But by far and away, Mr. Fink said the most common subject BlackRocks institutional clients want to talk about is sustainable investments. Advisory had net outflows of $187 million for the quarter, compared with net inflows of $1.8 billion for the prior quarter. As we touched on before, an economic downturn would drastically affect BlackRocks business. In, BlackRock. I hope you liked this breakdown. Investors poured a net $104. If these economies keep growing, their asset prices will likely follow suit. Franklin Resources, Inc. (Franklin Templeton) (NYSE: BEN) today reported preliminary month-end assets under management (AUM) of $1,552.1 billion at June 30, 2021, compared to $1,543.5 billion at May 31, 2021. This newsletter may contain affiliate links and I may receive a commission from the usage of any affiliate links at no charge to the user. BlackRock is the world's largest asset management firm, with Assets under Management of almost $7.4 trillion (as on 31st December 2019). Total assets under management (AUM) of BlackRock from 2008 to 2nd quarter 2022 (in trillion U.S. dollars) [Graph]. In Latin America, institutional investors and financial intermediaries only (not for public distribution). Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Quarterly smartphone market share worldwide by vendor 2009-2022, Number of apps available in leading app stores Q3 2022, Profit from additional features with an Employee Account. The Contents have been prepared without regard to the investment objectives, financial situation, or means of any person or entity, and the Website is not soliciting any action based upon them. ESG stands for Environmental Social Governance and is one of the most polarizing topics in business. ESG investing could affect BlackRocks bottom line if investors were willing to avoid BlackRock due to its stance on ESG. [39], In March 2020, the Federal Reserve chose BlackRock to manage two corporate bond-buying programs in response to the COVID-19 pandemic, the $500 billion Primary Market Corporate Credit Facility (PMCCF) and the Secondary Market Corporate Credit Facility (SMCCF), as well as purchase by the Federal Reserve of commercial mortgage-backed securities (CMBS) guaranteed by Government National Mortgage Association, Fannie Mae, or Freddie Mac. As AUM grows, BlackRock will collect more revenue without having to raise fees. BlackRock data pointsAll data within the BlackRock 2020 Annual Report reflects as-adjusted full-year 2020 results or is as of December 31, 2020, unless otherwise noted. Investment involves risks. BlackRock spent $5.681 billion on employee compensation and benefits in 2022, down from $6.043 billion in 2021. Please review the Important Notes for information on certain non-GAAP figures shown below and throughout the Annual Report, as well as for source information on other data points. Competitors (EBIT growth is 3Y estimates). European Parliament members questioned the impartiality of BlackRock given its investments in the sector. Investors added a net $169 billion to BlackRocks long-term investment vehicles, including ETFs and mutual funds, in the final three months of the year. $3.058 trillion of the $5.782 trillion in assets under management that BlackRock had in the Americas at the end of 2022 were equities. Investors with a tendency to look for ESG-related investments may flock to BlackRocks offerings to align with their beliefs. Sign up and get the best of News delivered straight to your email inbox, free of charge. Access to this and all other statistics on 80,000 topics from, Show sources information Harsh markets caused profit, revenue and assets under management to fall at BlackRock, the world's largest money manager reported in its second-quarter earnings Friday. 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. As of December 31, 2020, the SNL U.S. Asset Manager Index included: Affiliated Managers Group Inc.; AllianceBernstein Holding L.P.; Ameriprise Financial Inc.; Apollo Global Management Inc.; Ares Management Corporation; Artisan Partners Asset Management Inc.; Ashford Inc.; Associated Capital Group Inc.; BlackRock, Inc.; Blackstone Group Inc.; BrightSphere Investment Group Inc.; Carlyle Group Inc.; Cohen & Steers Inc.; Diamond Hill Investment Group; Federated Hermes Inc.; Fifth Street Asset Management Inc.; Franklin Resources Inc.; GAMCO Investors Inc.; Great Elm Group; Hamilton Lane Inc.; Hennessy Advisors Inc.; Invesco Ltd.; Janus Henderson Group Plc. 2020 organic growth is defined as full-year 2020 net flows divided by assets under management (AUM) for the entire firm, a particular segment or particular product as of December 31, 2019. "[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. A paid subscription is required for full access. Peer medians are based in part on data either from Lipper, Inc. or Morningstar, Inc. for each included product. "[71], The anti-war movement has criticized BlackRock because BlackRock facilitates investments in the arms industry through its iShares U.S. Aerospace and Defense exchange-traded fund. It's a welcome sight to see inflows growing amidst market volatility. Active strategies, including alternatives, contributed over 60% of 2021 organic base fee growth.. (Adds analyst comment in final paragraph. Show sources information It is your responsibility to be aware of, to obtain all relevant regulatory approvals, licenses, verifications and/or registrations under, and to observe all applicable laws and regulations of any relevant jurisdiction in connection with your access. In, BlackRock. By entering this site, you are agreeing that you have reviewed and agreed to the terms contained herein, including any legal or regulatory restrictions, and have consented to the collection, use and disclosure of your personal data as set out in the Privacy section referred to below. They were: People who have previously served on the Blackrock board of directors include: Headquarters in Hudson Yards, New York City, Environmental, social and corporate governance investing, Investments in contributors to climate change, Investments in gun manufacturers and the arms industry, BlackRock study on integrating ESG into banking rules, U.S states refusing to do business with BlackRock due to ESG policies. dollars)." BlackRock Inc. ( BLK) is by some measures the biggest investment management company across the globe, with more than $10.0 trillion in assets under management (AUM) as of Dec. 31, 2021. Within months, the business had turned profitable, and by 1989 the group's assets had quadrupled to $2.7 billion. With a focus on education and transparency, we'll guide you through every step of the investment process, giving you the knowledge and confidence to make informed decisions. Their ETFs have relatively low fees as well. The companies mentioned in this document are not meant to be a recommendation to buy or sell any security. The future of BlackRock looks bright in my opinion. I would start a position here and buy significant dips if the offer presented itself. In contrast, the firms net inflows in the quarter ended Dec. 31 totaled $126.9 billion and $35 billion in the first quarter 2020. Yet across the board, profitability was largely flat in . [25][26], On April 1, 2011, BlackRock was added as a component of the S&P 500 stock market index. Learn more about how Statista can support your business. As of January 2023, emerging Asian markets such as China and India accounted for less than 10% of BlackRocks AUM. Revenue in the quarter was $5.11 billion, missing the $5.16 billion average estimate. 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. Invest in the future of wine, and enjoy the satisfaction of owning a piece of history. [128], BlackRock was scrutinized for allegedly taking advantage of its close ties with the Federal Reserve during the COVID-19 pandemic response efforts. [34] BlackRock announced in November 2015 that they would wind down the BlackRock Global Ascent hedge fund after losses. AUM declined 14%, driven by lower asset prices, $393 billion of full-year long-term net inflows (4% growth Y/Y), $4.9 billion returned to shareholders in 2022 from dividends and share repurchases, 14% decrease in full-year operating income. 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. "Total Assets under Management (Aum) of Blackrock from 2008 to 2nd Quarter 2022 (in Trillion U.S. BlackRock (ticker: BLK), the world's biggest asset manager, said the total under management exceeded $10 trillion in the fourth quarter, up 15% from $8.68 trillion a year earlier. However, third quarter net income attributable to BlackRock jumped by 30.5% from the second quarter. $4.435 trillion of the $8.594 trillion in assets under BlackRock's management at the end of 2022 were equities. [70][29] In 2020, U.S. [88][89][90], In 2018, it asked Russell 1000 companies to improve gender diversity on their board of directors if they had fewer than two women on them. If you are unsure about the meaning of any of the information provided, please consult your financial or other professional adviser. Our thought leadership in investing, risk management, portfolio construction and trading solutions. The ideal entry-level account for individual users. Today I'll be sharing a complete breakdown of the company BlackRock. A large AUM is great for BlackRocks business, which made $17.87 billion from the fees it charged last year. [104] BlackRock announced that it would sell $500 million worth of coal-related assets, and created funds that would not invest in companies profiting from fossil fuels. The breakdown in BlackRock 's net inflows in the quarter ended March 31 were led by iShares, $68.5 billion, (prior quarter, $78.8 billion); cash management, $39.2 billion ($8.9 billion); retail. Rates of AUM growth slowed in 2020. BlackRock. [132], On December 28, 2022, it was announced that BlackRock and Volodymyr Zelensky had coordinated a role for the company in the reconstruction of Ukraine. ", "BlackRock Is Sick of Excuses for Corporate Boards Lacking Women", "Blackrock's former sustainable investing chief now thinks ESG is a 'dangerous placebo', "Opinion: BlackRock's Wish Is Your Command", "BlackRock CEO Larry Fink says stakeholder capitalism is not 'woke', "BlackRock CEO Says Stakeholder Capitalism Isn't 'Woke', "Larry Fink Defends Stakeholder Capitalism", "New Research Reveals the Banks and Investors Financing the Expansion of the Global Coal Plant Fleet", "New report confirms BlackRock's big fossil fuel problem", "New Campaign Is Calling Out BlackRock's Big Climate Problem", "BlackRock Targeted as Largest Driver of Climate Destruction in New Campaign", "BlackRock's Big Problem- Making the climate crisis worse", "BlackRock's Paris Office Barricaded by Climate Activists", "World's biggest investor accused of dragging feet on climate crisis", "BlackRock C.E.O. The performance tracking shown for index accounts is based on gross-of-fees performance and includes all institutional accounts and all iShares funds globally using an index strategy. The company has 73.9% of its AUM held in ETFs and these ETFs are a popular choice for investors wanting a passive approach to investing. The world's leading asset manager BlackRock has revealed its assets under management (AUM) grew to $6.96trn at the end of September 2019, aided by its index and ETF businesses which accounted for 29% and 36% of total assets, respectively.