iShares sees highest ever growth

AUM growthBlackRock said its iShares ETF business saw its largest ever rate of growth last year as investors embraced the products in greater numbers.

iShares organic growth accelerated to 19%, or by $246 billion in new flows. Growth in 2016 had been 13%.

iShares assets under management (AUM) closed the year at $1.754 trillion, including $1.33 trillion in equities and $427 billion in fixed income and commodities.

Ucits ETFs sold by iShares saw organic growth of 15% with a record $41 billion of net inflows from investors across Europe, Asia and Latin America.AUM in European iShares ETFs crossed $300 billion to reach $359 billion.

BlackRock said institutions were also drivers of growth as they had continued to expand usage of ETFs as financial instruments alongside swaps, futures, and single-name securities, and as a reference asset for over-the-counter and listed derivatives.

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