#BlackRock BlackRock is a multinational American investment management corporation that's currently the world's largest asset manager, with over $10 trillion in assets under management. Here are some key points about BlackRock¹ ²:
- *Business Overview*: BlackRock provides investment solutions, risk management, and advisory services to institutional, intermediary, and individual investors. Its services include managing separate client-focused equity, fixed income, and balanced portfolios.
- *Recent Developments*:
- *Bitcoin ETF*: BlackRock has successfully launched a bitcoin exchange-traded product in the US, which has gained $57.5 billion in assets since its launch.
- *Tokenized Fund*: In March 2024, BlackRock launched its first tokenized fund, the BlackRock USD Institutional Digital Liquidity Fund (BUIDL) on Ethereum, which secured $245 million in assets in the first week.
- *Partnerships*: BlackRock has partnered with MGX, Global Infrastructure Partners, and Microsoft to welcome the Kuwait Investment Authority to the AI Infrastructure Partnership.
- *ESG Controversies*: BlackRock has faced criticism for its environmental, social, and governance (ESG) policies, particularly regarding its investments in fossil fuels and Chinese companies. Some US states, like Texas and West Virginia, have removed BlackRock from their investment portfolios due to these concerns.
- *Financial Performance*: In 2024, BlackRock's revenue was $20.41 billion, a 14.27% increase from the previous year. Its earnings were $6.37 billion, up 15.76%.
- *Investor Day*: BlackRock is scheduled to host an Investor Day on June 12, 2025, where it will discuss its business strategy and financial performance.
Overall, BlackRock continues to expand its presence in the financial industry, exploring new areas like cryptocurrency and artificial intelligence while navigating controversies surrounding its ESG policies.