BlackRock now manages more than $10 trillion in assets

Black stone (BLK)The owner of the popular iShares family of ETFs announced Friday that it ended the year with more than $10 trillion in assets under management. This represents a 15% increase over 2020 levels.
Almost a third of that $10 trillion total was invested in ETFs, many of which are passive funds in the iShares family that tracks popular indices like Standard & Poor’s 500 (IVV) And Contact 2000 (etc.) As well as various sectoral funds.

However, shares of BlackRock Inc., which also reported better-than-expected earnings, fell more than 2% on Friday.

Chief Executive Officer Larry Fink acknowledged the ongoing challenges that the global economy and financial markets face.

Soaring inflation is killing consumers’ salaries. The Federal Reserve and other central banks around the world are expected to cut interest rates to tame high rates. But excessive increases in interest rates can slow the economy.

And the Omicron variant of Covid-19 may have an impact on economic activity.

As Fink noted, “The world continues to navigate uncertainty and profound transformations in economies and societies as a whole.”

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