BlackRock CEO Larry Fink flaunts firm's behemoth status
Published On Oct 18, 2024, 6:06 PM
BlackRock CEO Larry Fink highlighted the firm's impressive financial performance, announcing that BlackRock now manages $11.5 trillion in assets. During the third quarter, their exchanges-traded and mutual funds saw inflows of $221 billion, with $97 billion coming from ETFs alone. Fink mentioned that more countries are looking to American capital markets to finance their economies, especially given rising government deficits and tighter bank lending. He believes ETF adoption globally will continue to increase.