BlackRock's AUM hit record $11.5 trillion on market rally, ETF boost

Quick Summary:

Assets managed by BlackRock shot up to $11.48 trillion in the third quarter, compared with $9.10 trillion a year earlier and $10.

Asset managers have contended with softer inflows in recent years as interest rate hikes boosted the appeal of safe-haven assets like cash.

A majority of the long-term inflows were captured by ETFs, at $97.41 billion.Clients poured in $62.74 billion into BlackRock's fixed-income products.

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Category: BusinessFinance

Markets: India

Topics: Investments ETF GIP Fixed-income products Markets Fixed-income BlackRock

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-11 @ 17:37:09 (4 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 538 words

Reading Time: 3 minutes read

Sentences: 20 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 22996869

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