BlackRock reports record AuM of $11.48trn

Written by Adam Cadle

14/10/2024

BlackRock has reported assets under management (AuM) of $11.48trn – a new record high – at the end of Q3, up 7.8% from the end of Q2 and up 26.1% from the end of the year-ago quarter.

It stated that the Y-O-Y increase in AuM was down to “positive market movements”.

CEO Larry Fink said £456bn of net inflows were recorded over the past 12 months.

By client type, in the third quarter of 2024, ETFs witnessed net inflows of $97.4bn; institutional strategies saw $55.9bn net inflows; retail, $6.9bn; and cash management, $61bn.

By investment style, in the third quarter, ETFs and non-ETF indexes witnessed total net inflows of $132.1bn, active products had net inflows of $28.1bn, and cash management, $61bn.

By product type, equity products attracted net inflows of $74.1bn, fixed income products had a net inflow of $62.7bn, multiasset products had net inflows of $17.8bn, alternatives saw net inflows of $5.5bn, and cash management, $61bn.

CFO Martin Small spoke of the increased appeal of fixed income.

“We believe a continued path of central bank normalisation will support sustained inflows across bond funds, ETFs and institutional accounts,” he said.

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