Reports
BlackRock's AuM Rises, Aided By Inflows, Markets

The US-listed asset management titan became one of the first big financial institutions to report its Q4 and full-year 2020 financial results.
BlackRock
BlackRock yesterday
underscored its standing as the world’s largest investment firm
by reporting that total assets under management stood at $8.677
trillion at the end of December 2020, rising from $7.429 trillion
a year before.
However, the level of inflows decelerated slightly last year,
showing that some of the AuM increase was driven by higher market
levels. There were $126.9 billion net flows in the fourth quarter
of 2020 and $390.8 billion for all of last year, against $128.8
billion and $428.7 billion in Q4, 2019 and 2019,
respectively
Net income, on a GAAP (Generally Accepted Accounting Principles)
stood at $1.548 billion in Q4 last year, rising from $1.301
billion a year earlier. In 2020, net income was $4.932 billion,
up from $4475 billion.
Revenues for 2020, at $16.205 billion, rose by 11 per cent on a
year earlier, BlackRock said.