BlackRock Smashes Records with $10.5 Trillion AUM and 36% Profit Surge – What’s Next for Investors?
Bengaluru, India- BlackRock, the world’s largest asset manager, announced a substantial surge in assets under management (AUM) to about $10.5 trillion in the first quarter, alongside a remarkable 36% increase in profits. This significant growth was fueled by a robust performance in global equity markets, driving up investment advisory and administration fees. In the first quarter, global equity markets saw a rally amidst expectations of major central banks shifting from monetary policy tightening to potential …