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International Business Times UK
International Business Times UK
Business
Akshay Puri

BlackRock Hits $15T: How Passive Investing Turned the World's Largest Asset Manager Into a Financial Giant

BlackRock
BlackRock’s massive asset growth explains the power of index funds, automated investing, and long-term market participation. (Credit: Wikimedia Commons)

BlackRock has become the first investment firm in history to manage more than $15 trillion in assets, marking a major milestone for the global financial industry.

The company's latest results showed assets under management reaching $15.34 trillion by the end of the second quarter, rising from $13.9 trillion in March. The increase came from strong market performance and continued investor demand for exchange-traded funds (ETFs) and other investment products.

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