BlackRock AUM continues climb as firm eyes fixed income growth

$9.4trn in Q2

BlackRock’s assets under management have increased by a further $831bn throughout 2023, the firm revealed in its Q2 results, as it foresees trillions in fixed income investments.

The largest asset manager in the world now sits with AUM of $9.4trn, but BlackRock is expecting that to continue to grow further due to a surge in demand for fixed income. In its Q2 results call, BlackRock president Rob Kaptio predicted that the $7trn in money market accounts would quickly move to the fixed income market when interest rates reach their peak. Global bond ETFs recently crossed $2trn in assets, and BlackRock expects this to triple to $6trn by 2030, as rates remain higher than expected for longer throughout the decade. Morningstar: Equity funds suffer largest monthly n...