The fund manager black rock closed the third quarter of the year with a record amount of assets under management of 11.47 trillion dollars (10.49 trillion euros), representing an increase of 26% compared to the same quarter of the ‘last year, as reported by the entity.
This increase reflects a record net inflow of $221.18 billion (202.272 million euros), compared to 2,569 million dollars (2,349 million euros) in the same quarter of the previous year, bringing the net inflow of assets since the beginning of this year to a total of 360,000 million dollars (329,324 million euros). euros).
“Our strategy is ambitious and it works. The assets we manage on behalf of our clients reached a new high, closing the third quarter at $11.5 trillion, after increasing by $2.4 trillion over the last twelve months,” said Laurence D. Fink, president and CEO of BlackRock.
BlackRock net profit
Between July and September, BlackRock’s net profit reached $1,631 million (1,491 million euros), 1.7% mores, with which the manager’s profits until September totaled 4,699 million dollars (4,297 million euros), or 13.8% more.
Likewise, in the third quarter, the turnover of the company led by Larry Fink reached 5.197 million dollars (4.753 million euros), 14.9% above the figure of the previous year. Over the first nine months of the year, BlackRock’s revenues totaled $14.73 billion (13.47 billion euros), or 11.3% more.
