Latest news with #BlackRockInc
Bloomberg
6 hours ago
- Business
- Bloomberg
BlackRock Plans Private Market Hires to Win Over Rich Europeans
By Benjamin Stupples and Save BlackRock Inc. is ramping up plans to offer more of its private-market products to individuals outside the US as the Wall Street giant increasingly tries to muscle in on one of the hottest areas in global finance. The world's largest asset manager is targeting a hiring drive and tie-ups with digital investment platforms in the Europe, Middle East and Africa region to boost individual investors' access to its private-markets products, BlackRock executive Fabio Osta said in an interview.
Bloomberg
3 days ago
- Business
- Bloomberg
BlackRock's Bitcoin ETF Draws Record Inflows During May's Rally
BlackRock Inc. 's iShares Bitcoin Trust posted its largest-ever monthly inflow in May, as the original cryptocurrency climbed to a record while being touted by more proponents as an alternative store of value. The fund has attracted more than $6.35 billion in net inflows during the month, according data compiled by Bloomberg — the most since its debut in January 2024. The surge lifted total assets under management to over $71 billion, underscoring growing institutional appetite for Bitcoin amid global market turbulence.
Bloomberg
6 days ago
- Business
- Bloomberg
‘Widow Maker' Bond-ETF Trade Delivers Fast Gains for Dip-Buyers
Dip buyers in the dangerous world of long-dated Treasury debt are enjoying a rare pay day — and fast. Investors over the past week poured $1.8 billion into BlackRock Inc. 's iShares 20+ Year Treasury Bond ETF (ticker TLT) — the most among all the 630 ETFs that Bloomberg tracks — just as longer-maturity government bonds sold off on fears over America's debt trajectory.
Yahoo
15-05-2025
- Business
- Yahoo
BlackRock Unveils New Reduced Carbon Utilities ETF in Europe
BlackRock Inc. (BLK), a leading global asset manager with 468 ETFs across the U.S. markets accounting for over $3 trillion in assets, has extended its range of sector ETFs with the launch of a global advanced utilities strategy. The iShares MSCI World Utilities Sector Advanced UCITS ETF (WUTS) debuts on Euronext Amsterdam with a total expense ratio (TER) of 0.18%. WUTS is available in the U.K., Austria, Denmark, Finland, France, Germany, Ireland, Italy, Luxembourg, Netherlands, Norway, Spain, Sweden and Switzerland. WUTS tracks the MSCI World Utilities Advanced Select 20 35 Capped index, which offers exposure to 51 utilities stocks across 23 developed markets. According to the index fact sheet, "The index is designed to support investors seeking to increase exposure to positive environmental, social and governance (ESG) factors." The index increases exposure to 'positive' ESG factors by 20% and reduces carbon-equivalent emissions and fossil fuel reserve risks by 30% compared to the parent index. It also caps the combined weight of securities from the largest company at 35% and from all other companies at 20%, with a 10% buffer applied at each rebalancing. WUTS's underlying index has underperformed the MSCI World Utilities index by 1.5% over the past 10 years. Last year, the MSCI World Utilities Advanced Select 20 35 Capped index gained 4.4% versus a 13% gain in the MSCI World Utilities index, according to its fact sheet. In 2023, its 3.6% return outperformed the 0.3% gain of its parent index, though it underperformed in 2022 with a loss of 13.1% versus a loss of 4.7% for the MSCI World Utilities index. Last month, BlackRock unveiled a 3% capped weighted S&P 500 strategy, which is composed of S&P 500 companies with each capped at a maximum weight of 3% at each quarterly rebalancing. This article was originally published at sister publication ETF | © Copyright 2025 All rights reserved Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Newsweek
14-05-2025
- Business
- Newsweek
BlackRock CEO Warns Trillions of Dollars Sitting Idle Amid 'Uncertainty'
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Larry Fink, CEO of the asset management firm BlackRock, believes investors are holding trillions in cash or low-risk funds as they await clarity on the direction of the global economy. Speaking at the Saudi-U.S. Investment Forum on Tuesday, Fink said: "There is 12 trillion euros sitting in bank accounts in Europe. In the United States, there's $11 trillion sitting in money market funds." "When there is uncertainty, you are going to keep more and more money in cash, and that is what we [have] witnessed," he added. Why It Matters The U.S. administration has touted progress in trade negotiations, and other deals now being struck in the Gulf, as proof that President Donald Trump's economic vision is beginning to take shape. However, as BlackRock's CEO stated, investors are still exercising caution despite tensions between the U.S. and China easing this week, and both countries agreeing to lower their tariffs on the other's imports for 90 days as they pursue a more comprehensive agreement. What To Know The stock market reacted positively to the news of a breakthrough on the U.S.-China front, the Nasdaq Composite, S&P 500 and Dow Jones Industrial Average all surging on the joint agreement signed by the pair in Geneva. The three indexes have largely recouped the losses which followed Trump's Liberation Day tariff announcements—which Fink at the time said "went beyond anything I could have imagined in my 49 years in finance"—all now trading either above or marginally below their closing prices on April 1. BlackRock Inc. CEO Larry Fink, is interviewed on the floor of the New York Stock Exchange, Friday, April 11, 2025. BlackRock Inc. CEO Larry Fink, is interviewed on the floor of the New York Stock Exchange, Friday, April 11, 2025. Richard Drew/AP Photo However, Fink said that volatility in European and U.S. markets would persist "until we have greater certainty as to what is the new equilibrium," defining this as a consensus about the current "world order." He added that this clarity, which will encourage investors to shift from cash holdings to private investments, would come about "probably sooner than we thought maybe two to three weeks ago." Fink was one of several CEOs to speak at Tuesday's forum, which coincided with Trump's visit to the kingdom on the first-leg of an investment-focused tour of the Gulf. Other notable attendees included Tesla and SpaceX CEO Elon Musk, Nvidia CEO Jensen Huang, OpenAI's Sam Altman and Amazon CEO Andy Jassy. What People Are Saying BlackRock CEO Larry Fink, at the Saudi-U.S. Investment Forum on Tuesday, said: "Yes, we're going to have volatility in the next 90 days, but the big thing that I'll be watching: Are we going to be able to see in every economy the opportunity for more active private investments," he said. Political economist Veronique de Rugy told Newsweek that the mutual concessions in Monday's agreement between the U.S. and China will bring relief to American consumers and businesses. However, she added that the "long-term sustainability of this truce remains uncertain, as underlying trade tensions persist." Gina Bolvin, president of Bolvin Wealth Management, said of the U.S.-China agreement: "A win for stocks and a win for investors is a win for Trump because it shows optimism that we are closer to closer to closing a tariffs deal with China because they've come to the table. For any president, the stock market is a barometer of success. And while we can certainly say this volatility was self-inflicted, a trade deal with China is good for America." What Happens Next? President Trump is currently in Qatar to hold talks with Emir Sheikh Tamim bin Hamad Al Thani, and will follow this with a visit to the United Arab Emirates later this week.
