Apr. 14 at 10:42 PM
BlackRock reported strong Q1 results, with
$130B in net inflows as investors continued to allocate capital despite market volatility and geopolitical uncertainty.
The bulk of inflows came from ETFs, which attracted
$132B, while long-term strategies brought in
$136B overall. Equity products added
$72B and fixed income
$34B, although some traditional index funds (non-ETF) saw
$25B in outflows. Cash management also saw
$6B in redemptions.
Assets under management slipped slightly to
$13.9T, but profitability remained strong. Adjusted EPS rose 11% year-over-year to
$12.53, and revenue increased 27% to
$6.7B, beating analyst expectations.
CEO Larry Fink said the firm is seeing one of its strongest starts to a year, driven by sustained demand for ETFs and growing interest in private markets and alternatives, including recent expansion moves like the acquisition of HPS Investment Partners.
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