BlackRock's 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.

BlackRock’s assets under management surged to a record $11.5tn,last quarter as the world’s largest money manager benefited from a rally in markets and attracted cash from investors. Revenue rose 15 per cent to $5.

Stocks at record levels and robust bond markets should set up BlackRock to report a record amount of assets under management when it discloses its quarterly earnings on Friday, even as Wall Street analysts say profits will slip from a year ago and fees will remain under pressure.

BlackRock has achieved a milestone with its assets under management (AUM) surpassing $11.5 trillion, reflecting robust growth for the third consecutive quarter in 2024. This impressive increase can be attributed to significant inflows into the company's exchange-traded funds (ETFs) and strategic acquisitions,

BlackRock Inc. pulled in $160 billion of client cash to its long-term investment funds last quarter, pushing the world’s largest money manager to a record $11.5 trillion of assets as it seeks to become a one-stop shop for stocks,

Blackrock’s assets under management were boosted by a surge in inflows driven by billions pouring in from exchange-traded-funds

BlackRock's assets under management hit a record high for the third straight quarter on Friday, helped by surging inflows to the company's exchange-traded funds and a searing equity rally that boosted the value of its clients' investments.