The world's largest fund management group continues to expand in AuM.
BlackRock consolidated its standing as the world’s largest fund manager, reporting $9.463 trillion of assets under management, up from $7.808 trillion a year earlier, helped by year-to-date long-term inflows of $290 billion as well as by rising markets.
Revenues (as measured on a GAAP accounting basis) stood at $5.05 billion, up from $4.369 billion a year earlier. Net income stood at $1.681 billion, rising from $1.364 billion, the US-listed firm said in a statement.
Within the inflow data, during the third quarter there were long-term inflows of $98 billion, of which $57 billion was in North America, $14 billion in Europe, the Middle East and Africa, and $27 billion in Asia.