BlackRock's AuM Rises, Aided By Inflows, Markets

Editorial Staff

15 January 2021

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.