BlackRock reported “record” inflows in the last quarter as more investors put their assets to work, the company said.
Long-term net inflows of $94 billion (€81.9 billion) were positive across all client and product types and investment styles.
iShares, the company’s ETF business, saw assets under management cross $1.5 trillion in the second quarter with a record $74 billion of net inflows. Growth was balanced among iShares Core funds, precision exposures and financial instruments.
Meanwhile, BlackRock’s active strategies generated $8 billion of net inflows, led by multi-asset, fixed income and alternative offerings, as both institutional and retail clients continued to search for yield.
Liquid alternatives saw $9 billion of inflows and commitments.
BlackRock, which also has a large risk management business around its Aladdin system, saw technology and risk management revenue grew 12% year-over- year.
Larry Fink, chairman and CEO of BlackRock, said: “The combination of BlackRock’s differentiated technology, scale and broad base of investment strategies, including market-cap weighted index products, a spectrum of active offerings from smart beta and factors to high conviction alpha strategies, as well as illiquid alternatives, positions us as the partner of choice to deliver outcomes for both institutional and retail clients.”
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