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.

Stock Forecasts

Given BlackRock's large inflows and growth in assets under management, the outlook for the company remains robust. Its position as the world's largest asset manager indicates stability and potential for continued growth in its ETFs and funds. Investors may find opportunities in both BlackRock's stock and its ETFs, as demand for these products is likely to rise further.

With increasing inflows into ETFs, including core equity and fixed income products, relevant ETFs like IVV (iShares Core S&P 500 ETF) and AGG (iShares Core U.S. Aggregate Bond ETF) are expected to benefit from this trend. As investor confidence in market-based financing grows, these ETFs are positioned for positive performance.

Investors may also consider diversifying into IWF (iShares Russell 1000 Growth ETF), which could see increased interest as stocks are sought for growth potential alongside fixed income products. Given the overall positive sentiment regarding ETFs, IWF is a good opportunity for long-term investment.

Related News

Exchange-traded funds manage your money passively with low fees, but a sea change within the industry is breathing life into ETFs that are actively managed.

BLK
STT

JPMorgan Chase, Wells Fargo and BlackRock reported strong quarterly results to kick off earnings season, but concerns linger about the strength of the consumer.

JPM
WFC
BLK

JP Morgan and Wells Fargo get earnings season going in earnest, while a wholesale inflation print is in focus after the CPI surprise.

JPM
TSLA
BLK