11.5 trillion…. That’s crazy.

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BlackRock’s assets hit record $11.5 trillion amid private market push

Oct 11 (Reuters) – BlackRock’s (BLK.N), opens new tab assets under management hit a record high for the third straight quarter as a U.S. stock market rally boosted inflows, while the world’s largest asset manager continued a push to expand its footprint in private markets.
Assets managed by BlackRock shot to $11.48 trillion in the period, compared with $9.10 trillion a year earlier and $10.65 trillion in the second quarter, the company said on Friday.
That growth came as stocks reversed an August sell-off and broadened their rally in the third quarter, boosted by renewed hopes of a soft landing for the U.S. economy.

https://www.reuters.com/business/finance/blackrock-hits-record-high-115-trillion-assets-market-rally-etf-boost-2024-10-11/

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I’m convinced our money is just getting more worthless.


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