BlackRock is a multi-national investment company based in New York City. It was founded in 1988 as a risk management company and eventually became an institutional asset manager in the field of fixed income. As of January 2022, it managed US$10 trillion in assets. This makes BlackRock one of the largest asset management companies in the world.
Despite its size, BlackRock has a colossal impact on the global economy. Its $10 trillion in assets under management is larger than the GDP of most countries, including the United States and China combined. It has stakes in everything from retail to big banks to oil and gas. Its influence is profound, and it affects our everyday lives.
Investors should review the BlackRock investment prospectus before investing. It contains important information about the firm and its various investment programs. For example, the BlackRock Diversified Income Portfolio aims to generate income through a variety of assets. The fund’s diversification among traditional and non-traditional sources of income makes it a good choice for investors looking for a mix of growth and income.
In addition to performance fees, BlackRock also charges fees for distribution, administration, and customer service. These fees are based on a predetermined percentage of an investment portfolio and are a major source of revenue for the company. In Q4 FY 2021, these fees represented $411 million, or 8% of its total revenue.
BlackRock provides investment services for individuals, institutions, foundations, and intermediaries. It also serves as a global asset manager and a technology provider. It was founded in 1988 and is headquartered in New York, United States. The company has over $8 trillion in assets under management as of January 2022. The company also manages investments for some of the biggest companies in the world, including the U.S. government and major corporations.
BlackRock is the world’s largest asset manager. Its funds encompass diverse asset classes and geographies. The firm employs analysts in over 30 countries to help clients make investment decisions. Additionally, BlackRock uses a unique investment strategy called smart beta. This involves investing with non-market capitalization-weighted indexes. The company also has exchange-traded funds. This makes it a valuable resource for investors.
As of mid-year, BlackRock had about $8.5 trillion in assets under management. It is a major energy investor, holding stakes in ConocoPhillips and Exxon Mobil Corp. It also has large stakes in the largest coal companies. The company’s massive fossil fuel investments also make it one of the largest investors in the world.
It is also the largest shareholder in gun manufacturer Sturm, Ruger & Company. Its stake in the company is worth nearly $200 million. According to Palestinian reports, the gun used to kill Al-Jazeera journalist Shireen Abu Akleh was a Sturm Ruger Mini-semi-automatic 14 rifle. BlackRock has consistently supported gun manufacturers, and recently voted against a human rights resolution at Smith & Wesson.