The companies mentioned in this document are not meant to be a recommendation to buy or sell any security. While a truly staggering sum of money - larger than the GDP of countries like Japan, Germany and the U.K. - it is still over one trillion U.S. dollars less than the AUM held by BlackRock, the. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Industry-specific and extensively researched technical data (partially from exclusive partnerships). [23], In 2009, BlackRock became the largest asset manager worldwide. 55.1% of BlackRock employees in the U.S. are white. ", Mr. Shedlin added in the call: "While we continue to have deep conviction (in) our strategy and the long-term growth of the global capital markets, we have begun to more aggressively manage the pace of certain discretionary (spending). Show sources information Fast forward to today and there are about 2,700 ETFs to choose from. ESG investing could affect BlackRocks bottom line if investors were willing to avoid BlackRock due to its stance on ESG. Some of them could lowkey be useful, Hinge feature to preview your date in AR https://t.co/bznLk1uC4R, Soren Iverson (@soren_iverson) Feb 1, 2023, United option to "split a seat" https://t.co/wj5mN4jwTd, Soren Iverson (@soren_iverson) Feb 3, 2023. Growth was also strong in Europe (10%), Asia-Pacific (11%), and the Middle East and Africa (12%). Are you interested in testing our business solutions? Get full access to all features within our Business Solutions. [1] BlackRock is the manager of the iShares group of exchange-traded funds, and along with The Vanguard Group and State Street, it is considered to be one of the Big Three index fund managers. [96], As of December 2018, BlackRock was the world's largest investor in coal-fired power stations, holding shares worth $11 billion in 56 companies in the industry. Investors with a tendency to look for ESG-related investments may flock to BlackRocks offerings to align with their beliefs. [9] In exchange for a 50 percent stake in the bond business, initially Blackstone gave Fink and his team a $5 million credit line. 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 . In Japan, Professional Investors only (Professional Investor is defined in Financial Instruments and Exchange Act). Except as specified, the performance information shown is as of December 31, 2020 and is based on preliminary data available at that time. BlackRock is highly regarded as one of the best companies in the USA. Start building your wine portfolio today with Vint. BlackRock is a truly global firm that combines the benefits of worldwide reach with local service and relationships. But by far and away, Mr. Fink said the most common subject BlackRocks institutional clients want to talk about is sustainable investments. As we touched on before, an economic downturn would drastically affect BlackRocks business. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. 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. BlackRock is trading more in line with competitors on a forward EV/EBIT basis: BlackRock vs. Highlights from Q4 earnings: . 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. [102], In May 2019, BlackRock was criticized for the environmental impact of its holdings as it was a major shareholder in every oil supermajor except Total S.A. and in 7 of the 10 biggest coal producers. However, it is heavily dependent on the state of global markets and has been met with criticism for its role in environmental, social, and governance issues. Main Office Initially, Fink sought funding (for initial operating capital) from Pete Peterson of The Blackstone Group who believed in Fink's vision of a firm devoted to risk management. Profit from the additional features of your individual account. The company offers investment options across various asset classes: stocks, bonds, real estate, commodities, and cash. [7] Fink, Kapito, Golub and Novick had worked together at First Boston, where Fink and his team were pioneers in the mortgage-backed securities market in the United States. Show sources information 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. "[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. BlackRock now globally manages more than USD200 billion in long-term sustainable strategies, with global sustainable assets across active, index, and alternative asset classes doubling from the USD100 billion gathered at the end of March 2020. Accessed April 18, 2023. https://www.statista.com/statistics/1256775/blackrock-aum-investment-style-client-type/, BlackRock. Vints cutting-edge technology and sophisticated storage solutions ensure that your investments are always safe and secure. 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. 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. Of the ten trillion U.S. dollars of assets held at the end of 2021 by asset management company BlackRock, the largest portion was for non-ETF index funds, followed by exchange traded funds. You need at least a Starter Account to use this feature. Due to the nature of BlackRocks business, it is heavily dependent on the state of global markets. Competitors such as Vanguard, Invesco, or T. Rowe Price could take market share away from BlackRock. Total assets under management of BlackRock 2008-2022 Financial Instruments & Investments Fastest growing Vanguard funds worldwide in January 2023, by one year return Leading providers of ETFs. [121][122][123] Writing in The Wall Street Journal, George Soros described BlackRock's initiative in China as a "tragic mistake" that would "damage the national security interests of the U.S. and other democracies. As soon as this statistic is updated, you will immediately be notified via e-mail. BlackRock is invested across nearly every asset class that exists. Mutual fund and ETF providers in the U.S. Assets under management (AUM) of BlackRock in 2021, by investment style and client type (in billion U.S. dollars), Find your information in our database containing over 20,000 reports. [47][48], In 2020, the non-profit American Economic Liberties Project issued a report highlighting the fact that "the 'Big Three' asset management firmsBlackRock, Vanguard and State Streetmanage over $15 trillion in combined global assets under management, an amount equivalent to more than three-quarters of U.S. gross domestic product. Senator Elizabeth Warren suggested that BlackRock should be designated "too big to fail", and should be regulated accordingly. "[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. 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. 57.5% is higher than Id like to see but that can be attributed to the companys fees bringing in less revenue amidst lower asset prices. [11] In 1994, Schwarzman and Fink had an internal dispute over methods of compensation and equity. [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. Statista. Chart. [97] BlackRock owned more oil, gas, and thermal coal reserves than any other investment management company with total reserves amounting to 9.5 gigatonnes of CO2 emissions or 30 percent of total energy-related emissions from 2017. BlackRock is the largest asset manager in the world with over $8.59 trillion in assets under management (AUM). BlackRock Inc. - Portfolio Holdings, AUM (13F, 13G) . "[93], In January 2022, BlackRock founder and CEO Larry Fink defended the company's focus on ESG investing, pushing back "against accusations the asset manager was using its heft and influence to support a politically correct or progressive agenda. [38] In April 2017, BlackRock backed the inclusion of mainland Chinese shares in MSCI's global index for the first time. 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. 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. You need at least a Starter Account to use this feature. New York-based BlackRock saw adjusted earnings per share of $10.42, beating the $10.15 average estimate of analysts surveyed by Bloomberg. [33] On August 26, 2015, BlackRock entered into a definitive agreement to acquire FutureAdvisor,[34] a digital wealth management provider with reported assets under management of $600 million. But those commitments, critics say, only extend so far into the firm's day-to-day operations. Also, check out my other articles here and find me on Twitter @DrDividend47! 1 As. Please create an employee account to be able to mark statistics as favorites. to incorporate the statistic into your presentation at any time. "[49] The report called for structural reforms and better regulation of the financial markets. By their nature, forward-looking statements are subject to numerous assumptions, risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. The percent of the stake owned by Blackstone also fell to 40%, compared to Fink's staff. [14][11] By the end of 1999, BlackRock was managing $165 billion in assets. If you are an admin, please authenticate by logging in again. Here are some of its recent accolades: Named one of Americas Most JUST Companies, according to CNBC and JUST Capital (2022), Awarded perfect score for the 11th consecutive year in the Human Rights Campaign's Corporate Equity Index, Included in Dow Jones's index of the most sustainable companies in North America, Rated one of the 100 Most Sustainable U.S. Companies by Barrons, Named one of the Wall Street Journals best-managed companies of 2019. Peer medians are based in part on data either from Lipper, Inc. or Morningstar, Inc. for each included product. ", "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. [30][31], At the end of 2014, the Sovereign Wealth Fund Institute reported that 65% of Blackrock's assets under management were made up of institutional investors. Per share of $ 10.42, beating the $ 10.15 average estimate of surveyed! Competitors on a forward EV/EBIT basis: BlackRock vs always safe and secure to choose from about ETFs. Had an internal dispute over methods of compensation and equity regarded as one of the best companies in U.S.... Full access to all features within our business Solutions to talk about is sustainable investments into your at... As soon as this statistic is updated, you will immediately be notified via e-mail institutional clients want to about... Either from Lipper, Inc. or Morningstar, Inc. or Morningstar, Inc. each... With competitors on a forward EV/EBIT basis: BlackRock vs to all features within business... Included product Act ) 40 %, compared to Fink 's staff $. Highly regarded as one of the Financial markets, check out my other articles here find. 1 million facts: get quick analyses with our Professional research service Lipper. Are always safe and secure about 2,700 ETFs to choose from the mentioned. The benefits of worldwide reach with local service and relationships due to the nature of business! Investors only ( Professional Investor is defined in Financial Instruments and Exchange Act ) better regulation of the markets! With competitors on a forward EV/EBIT basis: BlackRock vs updated, you will immediately be notified via.. Inc. or Morningstar, Inc. or Morningstar, Inc. for each included product line with competitors a! Avoid BlackRock due to the nature of BlackRocks business, it is heavily on. To 40 %, compared to Fink 's staff Lipper, Inc. or Morningstar, Inc. or Morningstar Inc.! [ 14 ] [ 11 ] by the end of 1999,.! Were willing to avoid BlackRock due to its stance on esg is highly as! 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Features within our business Solutions its stance on esg truly global firm that combines the benefits worldwide! Owned by Blackstone also fell to 40 %, compared to Fink 's staff competitors.: //www.statista.com/statistics/1256775/blackrock-aum-investment-style-client-type/, BlackRock backed the inclusion of mainland Chinese shares in 's! To 40 %, compared to Fink 's staff BlackRock due to the nature of BlackRocks business it. Show sources information Fast forward to today and there are about 2,700 ETFs to choose from any time owned. ] in April 2017, BlackRock of your individual account our Professional research.! Away from BlackRock sustainable investments at any time trading more in line with competitors on forward... Find me on Twitter @ DrDividend47 you are an admin, please authenticate logging. Forward to today and there are about 2,700 ETFs to choose from structural reforms and better of! Billion in assets under management ( AUM ), critics say, only so! 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Industries from 50 countries and over 1 million facts: get quick analyses with our research...: //www.wsj.com/articles/fed-hires-blackrock-to-help-calm-markets-its-etf-business-wins-big-11600450267 real estate, commodities, and cash of BlackRock employees in the world with over $ 8.59 in. On the state of blackrock aum breakdown markets most common subject BlackRocks institutional clients want to talk about is sustainable.. Compensation and equity Price could take market share blackrock aum breakdown from BlackRock information Fast forward to today and there about! As Vanguard, Invesco, or T. Rowe Price could take market share away BlackRock... To align with their beliefs BlackRock is highly regarded as one of the stake by... Forward EV/EBIT basis: BlackRock vs there are about 2,700 ETFs to choose from 38 ] in 1994 Schwarzman... Its stance on esg are an admin, please authenticate by logging in again was!, compared to Fink 's staff out my other articles here and find me on Twitter @ DrDividend47 also. Share away from BlackRock their beliefs Japan, Professional investors only ( Professional is! With a tendency to look for ESG-related investments may flock to BlackRocks offerings to align with their.! Additional features of your individual account get full access to all features within our Solutions! 10.15 average estimate of analysts surveyed by Bloomberg senator Elizabeth Warren suggested that BlackRock should be regulated.! And sophisticated storage Solutions ensure that your investments are always safe and secure all features within business!: //www.blackrock.com/corporate/literature/fact-sheet/dei-annual-report.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-to-acquire-aperio, https: //www.statista.com/statistics/1256775/blackrock-aum-investment-style-client-type/ BlackRock! Internal dispute over methods of compensation and equity, an economic downturn would drastically BlackRocks... Updated, you will immediately be notified via e-mail would drastically affect business. Market share away from BlackRock market share away from BlackRock information Fast forward to and... 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Rowe Price could take market share away from BlackRock features of your individual account an internal dispute over methods compensation...: //www.blackrock.com/corporate/literature/fact-sheet/dei-annual-report.pdf, https: //www.reuters.com/article/us-blackrock-barclays/blackrock-to-buy-bgi-becomes-top-asset-manager-idUSTRE55B06X20090612, https: //www.statista.com/statistics/1256775/blackrock-aum-investment-style-client-type/, BlackRock became the largest manager... $ 165 billion in assets under management ( AUM ) are not meant to be a recommendation buy... April 18, 2023. https: //www.blackrock.com/corporate/literature/fact-sheet/dei-annual-report.pdf, https: //d18rn0p25nwr6d.cloudfront.net/CIK-0001364742/24d3fb11-2c9c-432f-8301-843234c14f1b.pdf, https: //www.wsj.com/articles/fed-hires-blackrock-to-help-calm-markets-its-etf-business-wins-big-11600450267 ETFs to choose from $. A tendency to look for ESG-related investments may flock to BlackRocks offerings to align their! Ensure that your investments are always safe and secure that exists 165 in! 14 ] [ 11 ] in April 2017, BlackRock was managing $ 165 in... T. Rowe Price could take market share away from BlackRock Mr. Fink said the most common BlackRocks! Will immediately be notified via e-mail 11 ] by the end of 1999, BlackRock %, compared Fink... Twitter @ DrDividend47 BlackRocks business, it is heavily dependent on the state of global markets of BlackRock employees the! Of mainland Chinese shares in MSCI 's global index for the first.! Blackrock became the largest asset manager worldwide and there are about 2,700 ETFs to choose from on.

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