BlackRock Reaches $5.42 Trillion AUM

BlackRock reported net income of US$ 862 million, while reaching US$ 5.42 trillion in assets under management at March 31, 2017. iShares continue to be a key driver of net inflows for BlackRock, US$ 64.5 billion of the US$ 80 billion in net inflows were from this segment. Of those iShares ETFs, there were equity net inflows of US$ 44.6 billion, a sign of the bull-run up after the U.S. Presidential election.

BlackRock competes heavily with Vanguard Group Inc. in the exchange-traded fund (ETF) market, with some analysts and financial pundits calling out a price war on ETFs. In February 2017, decreased expense ratios for 68 ETFs and mutual funds. Low-cost emerging market index funds, coupled with smart beta products, have enabled institutional investors access to strategies at a far lower cost than ever before.

BlackRock did experience around equity and fixed income net outflows of US$ 4.7 billion and US$ 1.3 billion, respectively during the period.

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