BlackRock is one of the largest asset managers in the world, with $9.007 trillion in AUM at the end of March 2021. Product mix is fairly diverse, with 53% of the firm's managed assets in equity strategies, 28% in fixed income, 8% in multi-asset class, 8% in money market funds, and 3% in alternatives. Passive strategies account for around two thirds of long-term AUM, with the company's iShares ETF platform maintaining a leading market share domestically and on a global basis. Product distribution is weighted more toward institutional clients, which by our calculations account for around 80% of AUM. BlackRock is also geographically diverse, with clients in more than 100 countries and more than one third of managed assets coming from investors domiciled outside the U.S. and Canada.
LGF-B, ESPR, HFC, XM, RYAM, BX, HMST, SCI, SBNY
RILY, WY, HCA, EL, SCHW, AMG, DLR, FHN, CYCN, ATGE
Greggory WarrenSector Strategist