BlackRock's Assets Surge to Record $10.6 Trillion

The asset manager's growth driven by ETF inflows, strategic acquisitions, and rising market values.

BlackRock reported $10.6 trillion in assets under management for Q2 2024, up from $9.43 trillion a year earlier.
Second-quarter revenue increased by 8% to $4.81 billion, while net income rose to $1.5 billion.
ETF inflows reached a record $150 billion for the first half of the year, with $83 billion in Q2 alone.
Strategic acquisitions, including Preqin and Global Infrastructure Partners, are expected to boost private market growth.
BlackRock's shares have risen modestly, reflecting overall market trends and investor confidence.