I dont think itll be a company that lights the world on fire, but I could see it being a less risky way to get exposure to the financial sector. Thanks for reading, if you liked this issue remember to tell a friend! [106], BlackRock has also been criticized regarding climate change inaction and deforestation in the Amazon rainforest. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable. [15] The deal included the mutual-fund business State Street Research & Management in 2005. I could think of worse places to park my money. [120], In August 2021, BlackRock set up its first mutual fund in China after raising over one billion dollars from 111,000 Chinese investors. With Vint, you can own a piece of the world's finest and rarest wines, hand-selected by our experts, with just a few clicks. 1 As. Since 1999, we've been a leading provider of financial technology, and our clients turn to us for the solutions they need when planning for their most important goals. 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. BlackRock is invested across nearly every asset class that exists, including stocks, bonds, real estate, commodities, and cash. [23][40][41], In August 2020, BlackRock received approval from the China Securities Regulatory Commission to set up a mutual fund business in the country. BlackRock is the world's largest asset management firm, with $10trn of assets under management (AUM) as of December 2021. Increasing Demand For Socially Responsible Investing. The world's largest asset management region, North America, delivered another year of double-digit growth in 2020, with assets under management (AuM) increasing by 12% to reach $49 trillion. [36], In March 2017, BlackRock, after a six-month review led by Mark Wiseman, initiated a restructuring of its $8bn actively-managed fund business, resulting in the departure of seven portfolio managers and a $25m charge in Q2, replacing certain funds with quantitative investment strategies. 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. "[10][12] In June 1994, Blackstone sold a mortgage-securities unit with $23 billion in assets to PNC Financial Services for $240 million. Fees are a crucial component of BlackRocks business, and from my quick napkin math I can tell that BlackRock charges about a 0.2% fee for its investment products. [10] The firm adopted the name BlackRock, and was managing $17 billion in assets by the end of the year. 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. Net income attributable to BLK, as adjusted. As soon as this statistic is updated, you will immediately be notified via e-mail. As of December 31, 2022, BlackRock had $8.6 trillion in total assets under management (AUM). The shares fell 1.6% in early trading in New York to $854. As of December 31, 2022, BlackRock had $8.6 trillion in total assets under management (AUM). Are you interested in testing our business solutions? You should contact a professional and conduct thorough due diligence before making any investing-related decisions. The company makes revenue from fees and advising and should benefit from this business model as asset prices appreciate in value. Assets under. 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. January 14, 2022. If you are an admin, please authenticate by logging in again. BlackRock has been met with criticism for its role in environmental, social, and governance issues. A surge in fourth quarter flows to BlackRocks exchange-traded funds helped the firm become the first asset manager to hit the $10 trillion milestone. 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. Investment involves risks. Before we proceed, please take a moment to review and accept the following terms and Conditions: 2023 BlackRock, Inc. All rights reserved. Published by Statista Research Department , Jun 13, 2022 The Americas accounted for the majority of the ten trillion U.S. dollars of the assets under management (AUM) of BlackRock at the end. The industry average EV/EBIT multiple is 15.2x and BlackRock is currently exceeding that. Use Ask Statista Research Service, Total assets under management of BlackRock 2008-2022, Leading providers of ETFs in the U.S. 2022, by assets, Leading mutual fund groups globally by assets 2022. [119], In October 2022, Louisiana removed $794 million from BlackRock due to the company's support of ESG and green energy. 55.1% of BlackRock employees in the U.S. are white. Then you can access your favorite statistics via the star in the header. [27][28], In 2013, Fortune listed BlackRock on its annual list of the world's 50 Most Admired Companies. Accessed April 18, 2023. https://www.statista.com/statistics/987770/aum-by-type-blackrock/, BlackRock. $5.782 trillion of the $8.594 trillion in assets under BlackRock's management at the end of 2022 were in the Americas. Richard Henderson and Robin Wigglesworth. Mutual fund and ETF providers in the U.S. Assets under management (AUM) of BlackRock from 2014 to 2021, by asset class (in billion U.S. dollars), Find your information in our database containing over 20,000 reports. [76], This concentration of ownership has raised concerns of possible anti-competitive practices. Nov 30, 2022 | By BlackRock Investment Institute The new regime of greater economic and market volatility is playing out - and not going away. New York-based BlackRock saw adjusted earnings per share of $10.42, beating the $10.15 average estimate of analysts surveyed by Bloomberg. [133][134] The arrangement was criticized, with BlackRock being accused of "cashing in" on Ukrainian destruction.[135][136]. A paid subscription is required for full access. By confirming below, you also acknowledge that you: (i) have read this important information; (ii) agree your access to this website is subject to the disclaimer, risk warnings and other information set out herein; and. In the UKand outside the EEA: professional clients (as defined by the Financial Conduct Authority or MiFID Rules) and qualified investors only and should not be relied upon by any other persons. 130 E. Randolph St. [34] BlackRock announced in November 2015 that they would wind down the BlackRock Global Ascent hedge fund after losses. [29], In December 2014, a managing director of BlackRock in London was banned by the British Financial Conduct Authority for failing the "fit and proper" test, because he paid 43,000 to avoid prosecution for dodging train fares. Look no further than Vint, the premier platform for wine investing. Mutual fund and ETF providers in the U.S. Total assets under management (AUM) of BlackRock from 2008 to 2nd quarter 2022 (in trillion U.S. dollars), Find your information in our database containing over 20,000 reports. 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. 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. Blackrock's revenue grew 32% to $4.82 billion. "We're not only leading the bond ETF industry in terms of AUM and net new business market share, but we're working with all stakeholders to grow the bond ETF industry itself," he added. Larry Fink's chairman's letter to shareholders. Compared to the median yield of 3.06% in the Finance sector, BlackRocks 4-year average yield is slightly lower. [13], In April 2009, BlackRock acquired R3 Capital Management, LLC and management of its $1.5 billion fund. $4.435 trillion of the $8.594 trillion in assets under BlackRock's management at the end of 2022 were equities. 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. Performance comparisons shown are gross-of-fees for institutional and high net worth separate accounts, and net-of-fees for retail funds. [10] They agreed to part ways, and Schwarzman sold BlackRock, a decision he later called a "heroic mistake. [32], By June 30, 2015, BlackRock had US$4.721 trillion of assets under management. 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. Profit from the additional features of your individual account. A large AUM is great for BlackRocks business, which made $17.87 billion from the fees it charged last year. Subscribe to get free investing content sent straight to your inbox every Monday. Statista. [13], In 2014, BlackRock's $4 trillion under management made it the "world's biggest asset manager". Date: Feb 24, 2023 This compares to 9.5. European Parliament members questioned the impartiality of BlackRock given its investments in the sector. The opinions expressed in this newsletter are for informational, educational, or entertainment purposes only. This Website is not intended for and should not be accessed by persons located or resident in any jurisdiction where (by reason of that person's nationality, domicile, residence or otherwise) the publication or availability of this Website is prohibited or contrary to local law or regulation or would subject any BlackRock entity to any registration or licensing requirements in such jurisdiction. But those commitments, critics say, only extend so far into the firm's day-to-day operations. 8.594 trillion in total assets under management ( AUM ) the sector BlackRock... Is currently exceeding that 13 ], in April 2009, BlackRock expressed this... Had US $ 4.721 trillion of the $ 8.594 trillion in total assets under BlackRock 's management the! The Americas immediately be notified via e-mail content sent straight to your inbox every.! 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