BlackRock’s assets under management jumped 7% year-over-year to nearly $4 trillion, further bolstering claims of the great rotation to stocks.
The world’s largest asset manager benefitted substantially from growing demand for its ETFs and stock markets hitting record highs, reports FT.com.
Having attracted over a third of all ETF industry flows, worth $26 billion, the firm’s ETFs formed the largest component of overall asset growth.
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