BlackRock’s Stock Is Worst Performer in S&P 500
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CNBC’s Brian Sullivan with BlackRock CEO Larry Fink, join 'Money Movers' to discuss earnings results, the energy trade and investing in AI and infrastructure.
The firm’s strongest inflows were across its bond ETFs, which counted just under $44bn of additions in the period. BlackRock’s crypto and digital asset ETFs also reported $14bn of inflows, as investors push bitcoin and other cryptocurrencies to record highs.
BlackRock Inc. said it expects to start offering its own target-date retirement funds that include private assets next year, the latest push by the $12.5 trillion money manager to bring alternatives to everyday investors.
BlackRock Inc. dropped the most since April as revenue and performance fees missed estimates, even as the world’s largest money manager hit a record $12.5 trillion in assets.
Now celebrating 20 years in Chicago, the New York-based investment management firm is eyeing further growth through alternative investments.
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ETFs that have tracked the S&P 500 have always been popular. The largest and most popular exchange-traded funds (ETFs) are those that track the performance of the S&P 500. In fact, the three largest ETFs as measured by assets under management are all ones that mimic the performance of this benchmark index.
Bitcoin rocketed past $120,000 for the first time in history to notch a new all-time high of nearly $123,000 early Monday morning, according to data from Binance. The cryptocurrency posted a daily jump of about 3% and a weekly gain of more than 12%.
The duo behind the buccaneering BlackRock Frontiers Trust, Emily Fletcher and Sam Vecht, have a different approach to most fund managers