New York
20 April 2017
Reporter: Stephanie Palmer

BlackRock sees uptick in AUM


BlackRock’s total assets under management (AUM) have seen a 14 percent increase to reach $5.2 trillion, its Q1 2017 results have revealed.

The asset manager’s total AUM increased from $4.74 trillion, recorded in Q1 2016.

The total AUM also represents a 5 percent increase on Q4 2016, which closed at $5.15 trillion.

Laurence Fink, chairman and CEO of BlackRock, said: “BlackRock’s first quarter results reflect the strategic decisions we have made to complement our investment capabilities with industry-leading technology.”

He added: “Over the last 29 years, we’ve kept our focus on the long term, anticipating changes in the asset management ecosystem and consistently investing in our business, to meet the evolving needs of our clients.”

According to the results, equity products make up 53 percent of the total AUM. For Q1, these products saw net inflows of $44.06 billion, creating a total of $2.87 trillion in AUM.

Fixed-income products saw net inflows of $33.37 billion, meaning AUM now sits at $1.63 trillion, 30 percent of the total.

Multi-asset and alternative products saw inflows of $1.55 and $1.36 billion, respectively, with multi-asset AUM increasing to $411.57 billion, and alternatives AUM to $121.16 billion.

For Q1 2017, multi-asset and alternative products made up 8 percent and 2 percent of the total AUM, respectively.

BlackRock also reported that long-term net inflows into iShares exchange-traded funds (ETFs) reached $64.5 billion, thanks to equity net inflows of $44.6 billion, with strength in iShares Core, precision exposure and financial instrument ETFs.

Fink said: “Both retail and institutional investors continued to utilise BlackRock’s iShares ETFs as the building blocks for their portfolios and in combinations to drive active returns.”

“iShares saw record quarterly inflows of $64 billion, again capturing the number one share of industry flows globally, in the US and in Europe, and in equity and fixed income.”

The asset manager’s securities lending revenue failed to match last year’s figures, recording $141 million in Q1 2017, just shy of the $148 million achieved in Q1 2016.

As part of its tangible assets sub-section of the report, BlackRock noted that the number of separate account assets and separate account collateral held under securities lending agreements increased from 177, as of 31 December 2016, to 187 by 31 March.

The value of these assets went from $220 billion last year to $231 billion at the end of March.

More Industry news
The latest news from Asset Servicing Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
Monyx selects RBC I&TS to manage SICAV umbrella
23 November 2017 | Luxembourg | Reporter: Jenna Lomax
RBC I&TS will provide custody, fund administration, transfer agency, securities lending and foreign exchange services to Monyx
UniCredit launches instant payment solution
22 November 2017 | Milan | Reporter: Becky Butcher
UniCredit has launched its cross-border instant payments solution in Italy and Germany
Hedge fund industry reaches new highs in Q3
22 November 2017 | London | Reporter: Zsuzsa Szabo
The hedge fund industry has recorded strong performance in Q3 2017, after stumbling in 2016, according to Preqin
Volante and Open Vector partner
16 November 2017 | New York | Reporter: Jenna Lomax
Open Vector open banking strategy will be combined with Volante’s VolPay Channel
AFME urges integrated post-trading system in EU
15 November 2017 | Brussels | Reporter: Theo Andrew
Responding on the final day of the commission’s public consultation on post trade in the Capital Markets Union, AFME urged for the “swift dismantling of the European Post-Trade Forum barriers”
Asset managers concerned about reliance on manual processes, says Confluence
15 November 2017 | Pittsburgh | Reporter: Jenna Lomax
In a recent Confluence report, 22 percent of asset managers said the reliance on manual processes was the biggest back-office challenge they faced
Another mandate win for Wolters Kluwer
08 November 2017 | Luxembourg | Reporter: Stephanie Palmer
China Everbrite Bank has selected Wolters Kluwer’s OneSumX solution to provide regulatory reporting services for its Luxembourg subsidiary CEB (Europe)
More Industry news