A company that manages assets worth 10 trillion dollars reveals the secrets of its dealing with the era of inflation


A recent report revealed that BlackRock currently manages more than $10 trillion in assets as the stock market boom sparked an insatiable appetite for exchange-traded funds and money markets, making it easier for traders to invest in many of the major companies in the world. the world at once. This is great news for BlackRock, the world’s largest CFO.

In a recent statement, BlackRock, which owns the iShares family, famous in the world of ETFs, announced that it closed the year with more than $10 trillion in assets under management. This represents an increase of 15% over 2020 levels.

Almost a third of this total value of about $10 trillion has been invested in ETFs, many of which are passive funds in the iShares family, which track popular indices such as the Standard & Poor’s 500 and Russell 2000, as well as various sector funds.

However, shares of BlackRock, which also reported better-than-expected earnings, fell more than 2% on Friday. The company’s CEO, Larry Fink, acknowledged the ongoing challenges faced by the global economy and financial markets.

He stated that rising inflation was killing consumers’ salaries. The Federal Reserve and other central banks around the world are expected to cut interest rates to tame the higher rates. But excessive increases in interest rates can slow the economy.

The “Omicron” variant mutating from the Corona virus may have an impact on economic activity. Fink also noted that “the world continues to pass through uncertainty and profound transformations in economies and societies as a whole.”

Source link


Please enter your comment!
Please enter your name here