Assets of world’s largest investment manager hit record $10 trillion

Assets of world’s largest investment manager hit record $10 TRILLION

BlackRock has become the first public asset manager with assets reaching the $10-trillion milestone, reinforcing the company’s position at the top of the entire sector.

The surge is attributed to flows into its exchange-traded funds (ETFs) which soared from October through December. Investors added a net $104 billion into ETFs in the fourth quarter of 2021, the firm said Friday in a statement. 

According to data compiled by Bloomberg, the reported amount of investment into ETFs is the highest since the first quarter of 2015.