Approximately $ 2.7 trillion of BlackRock’s assets under management are in the company’s iShares ETF, up 19 percent from the end of 2019.Investors poured nearly $ 79 billion in new money into iShares funds in the fourth quarter alone.
Fink added during a conference call with investors and analysts on Thursday: “The difficulties facing people around the world in 2020 and the worsening inequality from the epidemic have only made BlackRock feel more economical to make saving easier and more economical.”
He stressed that the company will continue to promote sustainable investment trends that are key to the economy and expressed hope that the economic recovery will eventually lead to a more resilient economy in the future.
“The pandemic has had a tremendous impact on all of our lives, disrupting the way we work and how we live, while leading to profound changes in the economy and the way society operates, creating opportunities for our communities to work. Redesign our society He added during a conference call.
Fink said concerns about rising economic inequality, along with low interest rates and rising inflation expectations, need to be a big picture model for investors saving for retirement or goals. Other long-term
However, he made no mention of the changing political or regulatory landscape during the calls. There is no mention of the fact that Joe Biden is about to take over as president and that Democrats are going to control both the House and the Senate.
But Fink sounded an idea about the future, arguing that even as long-term bond yields began to rise. “Equity demand will persist,” and higher returns will drive higher yields. “The banking system is much stronger,” he said. “Positive signs for the economy”
He concluded the conference call with a public safety message: “Everyone, please be safe, everyone please stay healthy, and everyone please get vaccinated. Thank you.”