Assets of World’s Largest Investment Manager Hit Record $10 Trillion
By RT News
BlackRock has become the first public asset manager with assets reaching the $10-trillion milestone, reinforcing the company’s position at the top of the entire sector.
The surge is attributed to flows into its exchange-traded funds (ETFs) which soared from October through December. Investors added a net $104 billion into ETFs in the fourth quarter of 2021, the firm said Friday in a statement.
According to data compiled by Bloomberg, the reported amount of investment into ETFs is the highest since the first quarter of 2015.