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BlackRock, Inc. (NYSE: BLK) is a leading American multinational investment management corporation based in New York City. Established in 1988, BlackRock initially focused on enterprise risk management and fixed income institutional asset management. Today, it stands as the world’s largest asset manager, boasting an impressive $10.473 trillion in assets under management (AUM) as of March 2024.
BlackRock's product portfolio is diverse, with 54% of managed assets in equity strategies, 27% in fixed income, 9% in multi-asset classes, 7% in money market funds, and 3% in alternative investments. The company’s passive strategies constitute around two-thirds of its long-term AUM, with its ETF platform holding a leading share in both domestic and global markets.
The firm primarily serves institutional clients, which account for approximately 80% of its AUM. Geographically, BlackRock is well-diversified, catering to clients in more than 100 countries, with over one-third of its managed assets coming from outside the United States and Canada.
One of BlackRock’s notable recent achievements includes leading a $47 million funding round for Securitize, a pioneer in tokenizing real-world assets using blockchain technology. This strategic investment underscores BlackRock’s commitment to driving innovation in digitizing capital markets. BlackRock’s Global Head of Strategic Ecosystem Partnerships, Joseph Chalom, has joined Securitize's Board of Directors, further solidifying this partnership.
Additionally, BlackRock has launched its first tokenized fund on Ethereum, the BlackRock USD Institutional Digital Liquidity Fund (BUIDL). This fund allows investors to earn yield by holding tokens on the blockchain, with investments in cash, U.S. Treasury bills, and repurchase agreements. Investors can transfer their tokens at any time to other pre-approved investors, promoting liquidity and flexibility.
BlackRock continues to enhance its digital assets strategy and remains committed to meeting future client needs through innovative solutions. As the company ventures further into blockchain technology and tokenization, it aims to stay at the forefront of transforming the financial landscape.
BlackRock, Inc. (NYSE: BLK) reported its fourth quarter financial results for 2021, emphasizing their commitment to enhancing financial well-being for investors. The results indicate robust performance metrics, with earnings and assets under management reflecting growth. A conference call is planned for January 14, 2022, at 8:30 a.m. ET, where key executives will address stakeholders. The company aims to maintain its fiduciary duty and continue providing innovative financial solutions.
BlackRock, Inc. (NYSE: BLK) will announce its fourth quarter 2021 earnings on January 14, 2022, prior to the market opening. The conference call for analysts and investors will occur at 8:30 a.m. ET, featuring key executives, including Chairman and CEO Laurence D. Fink. Interested participants can join via phone or webcast, with replay options available afterward. The earnings release will be accessible on BlackRock's investor relations website.
BlackRock, Inc. (NYSE:BLK) announced that CFO Gary S. Shedlin will speak at the 2021 Goldman Sachs US Financial Services Conference on December 7, 2021, at 3:00 p.m. ET in New York. A live video webcast will be available on BlackRock's Investor Relations page, and a replay will be accessible within 24 hours for three months. BlackRock aims to enhance financial well-being for investors, making investing easier and more affordable through technology.
BlackRock, Inc. (NYSE:BLK) has declared a quarterly cash dividend of $4.13 per share. This dividend will be payable on December 23, 2021 to shareholders on record at the close of business on December 7, 2021. The announcement reflects the company’s commitment to returning value to its shareholders. BlackRock continues to position itself as a leading financial technology provider, enhancing investment access for millions and promoting financial well-being.
BlackRock's tenth annual Global Insurance Report reveals that 95% of insurance executives believe climate risk will significantly impact portfolio construction in the next two years. The report, based on the insights of 362 executives representing US$27 trillion in assets, emphasizes the shift towards sustainable investing and diversification into higher-yielding assets. Additionally, 60% of insurers plan to increase investment risk exposure, driven by low interest rates. Technology investments are also prioritized, with nearly two-thirds looking to increase spending over the next two years.
BlackRock has successfully raised US$673 million for the Climate Finance Partnership (CFP), exceeding its target of US$500 million. This public-private finance initiative aims to invest in climate infrastructure across emerging markets, including Asia, Latin America, and Africa, to support the transition to a net-zero economy. The fund has attracted contributions from 22 global investors and demonstrates strong demand for climate-focused investments. BlackRock aims to mobilize up to US$1 trillion annually in low-carbon projects in developing countries.
BlackRock has launched the iShares USD Bond Factor ETF (NASDAQ: USBF), designed to outperform the U.S. fixed income market through a rules-based selection of bonds that considers macroeconomic and quality factors. The ETF has an expense ratio of 0.18%, lower than 86% of similar funds. Its strategy aims to enhance total return while managing credit and interest rate risks. BlackRock's systematic approach utilizes style factors to discover underpriced securities, providing a dynamic alternative for bond investors in a low-yield environment.
BlackRock, Inc. (NYSE: BLK) released its financial results for Q3 2021, showcasing its commitment to enhancing investor financial well-being. The company's teleconference is scheduled for October 13, 2021, at 8:30 a.m. ET. Investors can participate by dialing specific numbers or accessing a live webcast. Replay options for both teleconference and webcast will be available after the event. BlackRock continues to focus on making investing easier and more affordable, serving millions by providing financial technology and fiduciary solutions.
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