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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) announced its financial results for Q3 2020, managing approximately $7.81 trillion in assets as of September 30, 2020. The earnings release can be accessed via their investor relations website. A teleconference will be held on October 13, 2020, at 8:30 a.m. ET for investors and analysts, with a replay available until October 27, 2020. The firm continues to focus on improving financial well-being for its clients through innovative financial solutions.
BlackRock is expanding its Megatrend suite with four new ETFs to meet rising investor demand for innovative strategies. The active transparent ETFs include the BlackRock Future Health ETF (NYSE:BMED), BlackRock Future Tech ETF (NYSE:BTEK), and BlackRock Future Innovators ETF (NYSE:BFTR), targeting healthcare and tech innovation. Additionally, the iShares Virtual Work and Life Multisector ETF (NYSE:IWFH) aims to capture trends in remote working. Armando Senra noted that the megatrend category could grow 500% to $250 billion by 2024, reflecting shifting economic activities.
BlackRock, Inc. (NYSE: BLK) will announce its third quarter 2020 earnings on October 13, 2020, before the NYSE opens. A teleconference for investors, led by CEO Laurence D. Fink, will occur at 8:30 a.m. ET. Earnings release materials will be accessible on BlackRock's investor relations site. Public participation is encouraged through teleconference or a live webcast. Replay access will be provided from 11:30 a.m. ET on the same day until October 27, 2020. As of June 30, 2020, BlackRock managed approximately $7.32 trillion in assets globally.
BlackRock Asset Management Canada Limited announced that effective December 1, 2020, the iShares MSCI USA Momentum Factor Index ETF will change its tracking index from the MSCI USA Momentum Index to the MSCI USA Momentum SR Variant Index. Both indices aim to provide exposure to U.S. equity securities exhibiting positive momentum characteristics. Notably, the new index will implement a staggered approach for index changes, contrasting with the previous single-day rebalancing method. This adjustment follows MTUM's decision to track the new index.
BlackRock Canada has announced cash distributions for September 2020 for its iShares ETFs listed on the TSX and NEO. Unitholders of record on September 25, 2020, will receive distributions on September 30, 2020. Key distribution figures include: iShares Global Real Estate Index ETF at $0.207 per unit, iShares 1-10 Year Laddered Corporate Bond Index ETF at $0.046 per unit, and iShares ESG Aware MSCI Canada Index ETF at $0.127 per unit. The announcement highlights BlackRock's commitment to providing consistent returns to its investors.
BlackRock Asset Management Canada Limited announced the final cash distributions for the iShares Premium Money Market ETF. Unitholders of record by August 26, 2020, will receive distributions payable on August 31, 2020. The cash distribution per unit for the iShares Premium Money Market ETF (ticker: CMR) is $0.003. As of June 30, 2020, BlackRock managed approximately US$7.32 trillion in assets globally, reaffirming its position as a leading financial services provider.
BlackRock Canada announced August 2020 cash distributions for its iShares ETFs listed on the TSX or NEO, payable on August 31, 2020, for unitholders of record on August 26, 2020. Distribution amounts vary across funds, with the iShares S&P/TSX 60 Index ETF (XIU) offering the highest at $0.189 per unit. The iShares Premium Money Market ETF is estimated to have a distribution of $0.003 per unit. BlackRock Canada will reveal final amounts for the Premium Money Market ETF on August 25, 2020. As of June 30, 2020, BlackRock managed approximately $7.32 trillion in assets globally.
BlackRock Canada has announced the final cash distributions for the iShares Premium Money Market ETF (Ticker: CMR) for July 2020. Unitholders on record as of July 28, 2020, will receive a cash distribution of $0.003 per unit, payable on July 31, 2020. This reflects BlackRock's ongoing commitment to providing liquidity and income through its investment products. As of March 31, 2020, BlackRock manages approximately US$6.47 trillion in assets globally, highlighting its significant market presence and fiduciary responsibility.
BlackRock Canada announced the July 2020 cash distributions for its iShares ETFs listed on TSX or NEO. Unitholders of record as of July 28, 2020, will receive payments on July 31, 2020. The distribution amounts range from $0.005 to $0.115 per unit across various funds, including the iShares S&P/TSX Capped Financials Index ETF (XFN) at $0.115 and the iShares Premium Money Market ETF (CMR) estimated at $0.005. Additional details will be provided in a subsequent press release set for July 27, 2020.
On June 24, 2020, BlackRock Asset Management Canada announced the May 2020 cash distributions for the iShares Premium Money Market ETF. Unitholders on record by June 25, 2020, will receive their distributions on June 30, 2020. The cash distribution per unit is set at 0.006 for the iShares Premium Money Market ETF (Ticker: CMR). As of March 31, 2020, BlackRock managed approximately US$6.47 trillion in assets globally, highlighting its significant market presence and investor trust.
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