BlackRock, the world’s largest asset management firm, said Monday that second-quarter earnings had risen 9 percent as investors continued to pour money into the company’s expanding fleet of exchange-traded funds.BlackRock now manages $1.5 trillion in exchange-traded funds, passive investment vehicles that track a wide variety of indexes and investment strategies.[...] as BlackRock cements its place as the industry leader in terms of ETFs — with Vanguard entrenched in second place — Fink will remain under pressure to ensure that its other activities, from managing bonds to its struggling stock-picking division, keep pace with the surging passive business.More than ever, Fink is positioning BlackRock to focus on such systematic investment strategies as basic index funds, ETFs and blended strategies like smart beta and factors that target investment themes like momentum and low volatility.
NYS Entity Status
NYS Filing Date
JUNE 12, 2013
NYS DOS ID#
NYS Entity Type
DOMESTIC LIMITED LIABILITY COMPANY
2013 - BLACK ROCK 1 LLC
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