BlockBeats News, October 14th, BlackRock (BLK.N), the world’s largest asset management company, attracted $205 billion in client inflows in the third quarter of this year, benefiting from its continued expansion in private credit and alternative assets. According to a statement on Tuesday, investors netted $153 billion into stocks, bonds, and other ETFs during the quarter, pushing BlackRock’s ETF total size above $5 trillion for the first time. Net inflows into long-term investment funds reached $171 billion, exceeding the market’s expected $161.6 billion.
With the market rebounding, the company’s assets under management (AUM) rose to a record $13.5 trillion. Adjusted EPS for the third quarter increased by 1% year-over-year to $11.55, above the market’s expected $11.47; revenue grew by 25% year-over-year to $6.5 billion. The inflows also included $34 billion in cash management and money market funds, with the business’s assets surpassing $1 trillion for the first time. (FXStreet)
