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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 (NYSE: BLK) will host its 2021 Investor Day virtually on June 10, 2021, from 8:00 AM to 12:00 PM EDT. The event will be accessible via video webcast, and presentation materials will be available through www.blackrock.com. A replay will be offered for those unable to attend live. For inquiries regarding the event, contact BlackRock's Investor Relations at invrel@blackrock.com.
BlackRock aims to enhance financial well-being and simplify investing for millions.
BlackRock, Inc. (NYSE: BLK) has nominated Hans E. Vestberg, CEO of Verizon, to join its Board of Directors, pending shareholder approval during the Annual Meeting on May 26. Vestberg's extensive leadership and expertise in technology align with BlackRock’s strategic priorities, particularly in sustainability and market expansion in Europe. Current board member Mathis Cabiallavetta will not seek re-election. Among the 16 nominated candidates, 14 are independent, with a diverse representation that includes five women and six non-U.S. citizens.
BlackRock has announced a 1 for 2 reverse stock split for the iShares Gold Trust (NYSE Arca: IAU), effective May 24, 2021, at market open. This move aims to adjust the share price while maintaining the total value of shares outstanding, although shareholders may receive cash for fractional shares, which could have tax implications. As of February 26, 2021, IAU managed $29.1 billion in assets. The new CUSIP for IAU will be 464285204 following the split.
The BlackRock Investment Institute (BII) asserts that addressing climate change could drive significant economic growth in the next two decades. They have released new Capital Market Assumptions (CMAs) that highlight investment opportunities tied to climate risks, estimating a cumulative output gain of nearly 25% with orderly transitions to net-zero emissions. The CMAs suggest technology and healthcare sectors will benefit while energy and utilities may lag. BII emphasizes the importance of sustainability in investment strategies, projecting capital flows toward sustainable assets, impacting portfolio construction.
BlackRock (NYSE:BLK) and Snowflake (NYSE:SNOW) have partnered to launch the Aladdin Data Cloud, enhancing investment management capabilities. This solution integrates Aladdin's data with Snowflake’s platform, enabling clients to access and analyze business-critical data seamlessly. The Aladdin Data Cloud aims to improve operational efficiency and creativity by allowing the combination of Aladdin and third-party data sources. This collaboration is part of BlackRock’s initiative to eliminate data silos in the industry and seeks to set a new standard in financial services for data access and governance.
BlackRock (NYSE: BLK) has successfully acquired Aperio, a leader in customized tax-optimized index equity separately managed accounts (SMAs), from Golden Gate Capital and Aperio staff. This acquisition enhances BlackRock's personalization capabilities, enabling tailored tax-managed strategies for investors based on their unique preferences. Martin Small, head of BlackRock’s U.S. Wealth Advisory, emphasized that this move transitions their offerings from 'one size fits all' to 'one size fits one,' reflecting diverse investor needs.
BlackRock, Inc. (NYSE:BLK) has announced a 14% increase in its quarterly cash dividend, raising it to $4.13 per share. This dividend will be paid on March 23, 2021, to shareholders who are on record as of the close of business on March 5, 2021. This increase reflects the company's ongoing commitment to return value to its shareholders while fostering financial well-being for its investors. BlackRock continues to position itself as a leader in financial services and technology.
BlackRock, Inc. (NYSE: BLK) announced its financial results for Q4 2020, highlighting significant growth amid challenging market conditions. The full earnings release and materials can be accessed at ir.blackrock.com/QuarterlyResults. A teleconference call will be held on January 14, 2021, at 8:30 a.m. ET, led by CEO Laurence D. Fink and CFO Gary S. Shedlin, to discuss the results. Investors can also access a live webcast and replay through the company’s investor relations page.
BlackRock (NYSE: BLK) will announce its fourth-quarter 2020 earnings on January 14, 2021, before the NYSE opening. CEO Laurence D. Fink, President Robert S. Kapito, and CFO Gary S. Shedlin will host a teleconference at 8:30 a.m. ET for investors and analysts. The earnings release and supplemental materials will be accessible on www.blackrock.com.
The teleconference will allow public participation via dial-in, and a live webcast will also be available. Replay options will open by 11:30 a.m. ET the same day.
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