BlackRock AUM drops below $8trn

$22bn net inflows to ETFs

BlackRock’s assets tumbled to $7.96trn in the third quarter of 2022, lower than analyst expectations, the company announced on 13 October.

Assets under management at the firm are down 16% year-on-year and from $8.5trn in June. Revenue was also down 15% year-on-year to $4.3bn and net income was down 16% at $1.4bn. However, BlackRock still reported positive net inflows for the three months to the end of September. Long-term net inflows stood at $65bn for the quarter and $248bn for the first three quarters of the year. Premier Miton AUM drops £3.3bn Net inflows into ETFs made up $22bn in the three months, boosted by $37bn worth of flows into bond ETFs. According to reports, BlackRock will pause discretionary hiring pl...