BlackRock's Assets Hit Record $11.5 Trillion Amid Private Market Push
BlackRock registered $160 billion in long-term net inflows in the third quarter. Total net inflows hit a quarterly record of $221.18 billion, up from $2.57 billion a year ago. A majority of the long-term inflows were captured by ETFs, at $97.41 billion. Clients poured in $62.74 billion into BlackRock's fixed-income products.