Passive leads AUM gains for BlackRock

A net inflow of more than $30 billion (€22 billion) into the exchange-traded fund (ETF) division of BlackRock accounted for the bulk of the firm’s long-term net inflows in the second quarter, underlining a trend towards passive investment.

Overall, the firm took in a net $38 billion in long-term flows during the quarter, helping to cement its position as the world’s largest money manager by assets.

In contrast, institutional active long-term flows amounted to just $1 billion during the quarter – the result of a large net outflow from equity products, which offset much of the inflows recorded in multi-asset funds.

“While performance in fundamental equities remains challenged, we continue to make substantial investments to restructure this business and remain confident in our new teams, their processes and the future outlook for growth over time,” says Laurence D Fink, chairman and chief executive of BlackRock.

The inflow into the iShares division, which manages ETFs and other passive investment instruments, was split into $23 billion from the US market and $8 billion from Europe.

Overall, BlackRock manages 60% of its assets under management for clients in the Americas and 40% for investors in Europe and the rest of the world.

©2014 funds europe

HAVE YOU READ?

THOUGHT LEADERSHIP

The tension between urgency and inaction will continue to influence sustainability discussions in 2024, as reflected in the trends report from S&P Global.
FIND OUT MORE
This white paper outlines key challenges impeding the growth of private markets and explores how technological innovation can provide solutions to unlock access to private market funds for a growing…
DOWNLOAD NOW

CLOUD DATA PLATFORMS

Luxembourg is one of the world’s premiere centres for cross-border distribution of investment funds. Read our special regional coverage, coinciding with the annual ALFI European Asset Management Conference.
READ MORE

PRIVATE MARKETS FUND ADMIN REPORT

Private_Markets_Fund_Admin_Report

LATEST PODCAST