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