Meb Farber, Founder and Chief Investment Officer of Cambria Investment Management, discusses how investors position their portfolios and provides new tax-aware tips on how to make money. Discuss ETFs.
BlackRock went out of its way this week to remind investors why it is the world's largest asset manager, with a record $11.5 trillion under management.
The firm's exchange-traded funds and mutual funds saw record inflows of $221 billion in the third quarter across multiple products, including active, index and regional.
| ticker | safety | last | change | change % |
|---|---|---|---|---|
| BLK | BlackRock Co., Ltd. | 1,007.02 | +4.52 |
+0.45% |
“In conversations with clients and policymakers around the world, more and more countries are recognizing the power of U.S. capital markets,” BlackRock CEO Larry Fink said in an earnings call. “I heard that the company wants to build its own type of capital market,” he said at the company's results conference.
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“Record government deficits and tight bank lending mean people, businesses and countries increasingly turn to markets to finance their retirements, businesses and economies,” he continued.
BlackRock Chairman and Chief Executive Officer Larry Fink speaks to Bloomberg TV in New York, USA, on Friday, January 12, 2024. (Photographer: Victor J. Blue/Bloomberg via Getty Images / Getty Images)
The company raised $97 billion in the quarter, bringing its annual total to $248 billion. The company said $48 billion went into bonds, $32 billion into core stocks and $20 billion into precision ETFs.
“Global ETF coverage is expanding, leading to increased levels of usage, and we expect this to continue,” Fink predicted.
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| ticker | safety | last | change | change % |
|---|---|---|---|---|
| IVV | ISHARES Core S&P 500 ETF – USD | 587.39 | +2.31 |
+0.39% |
| IEFA | ISHARES Core MSCI EAFE ETF – USD DIS | 76.37 | +0.49 |
+0.65% |
| AGG | ISHARES Core US Aggregate Bond ETF – USD DIS | 99.51 | +0.06 |
+0.06% |
| IWF | ISHARES RUSSELL 1000 Growth ETF – USD DIS | 382.82 | +2.07 |
+0.54% |
The firm manages some of the largest ETFs by asset class, including iShares Core S&P 500 ETF, iShares Core MSCI EAFE ETF, iShares Core US Aggregate Bond ETF, and iShares Russell 1000 Growth ETF. (according to a follow-up survey). Betafi.
BlackRock's Larry Fink is shocked by the collapse of Bitcoin ETFs
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BlackRock shares have risen 24% since the beginning of the year, slightly higher than the S&P 500's 23% through Friday.
