BlackRock assets hit record $10 trillion, powered by ETFs

ETF Hub wrote a column · Jan 18, 2022 03:26

$Blackrock(BLK.US)$ became the first public asset manager to hit $10 trillion in assets, propelled by a surge in fourth-quarter flows into its exchange-traded funds.

Investors poured a net $104 billion into ETFs in the three months ended Dec. 31, the firm said on Friday -- a record for the company.

BlackRock's assets under management rose to a record last year

Our business is more diversified than ever before. Active strategies, including alternatives, contributed over 60% of 2021 organic base fee growth.”
---Chief Executive Officer Larry Fink said in the statement.

Actively-managed funds, a style that includes ETFs and mutual funds, saw a net $101 billion in flows. BlackRock now manages $2.6 trillion in such assets. The firm's alternatives business, which includes hedge funds, saw $5.5 billion of inflows, taking total assets to $265 billion.