Assets of World’s Largest Investment Manager Hit Record $10 Trillion

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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.

Opinion pieces don’t necessarily reflect the position of our news site but of our Opinion writers.

Original Source: Assets of World’s Largest Investment Manager Hit Record $10 Trillion

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Assets of World’s Largest Investment Manager Hit Record $10 Trillion

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