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Here’s a breakdown of BlackRock’s performance in different regions during the first half of the year:
- Asia-Pacific: BlackRock experienced $17bn in net outflows, a stark contrast to the net inflows seen in Europe and the Americas. The second quarter saw the majority of the Asia-Pacific redemptions in long-term investments, totaling $16bn.
- Europe, the Middle East, and Africa: In these regions, BlackRock recorded $56bn in long-term net inflows over the first six months, with $36bn coming in the second quarter.
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Americas: In the US, the firm saw $89bn in long-term net inflows in the first half of 2024, of which $31bn occurred in the April to June period.
Last year, BlackRock faced challenges in Asia-Pacific, with only $44bn in total inflows compared to $87bn in the previous year. However, in the first half of 2024, the company’s global net flows of $139bn were primarily driven by its exchange traded fund business, which recorded $150bn in net sales – marking a record-breaking start to the year for the division.
Despite these fluctuations, BlackRock’s global assets under management reached a record high of $10.65tn by the end of June, representing a 13% increase over the previous 12 months. Asia-Pacific assets contributed 8%, approximately $850bn, to the total global assets under management. Additionally, the firm earned $3.8bn in base fees.
In conclusion, BlackRock’s performance in different regions reflects the dynamic nature of the asset management industry. By staying informed and adapting to market trends, investors and companies alike can navigate through challenges and capitalize on opportunities for growth. Stay updated with relevant news sources like Ignites Asia to make informed decisions in the fast-paced world of finance.
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