BlackRock accuses the blow of the fall in the markets

Posted Apr 13, 2022, 1:44 PMUpdated on Apr 13, 2022, 4:02 PM

Bad luck for asset management. BlackRock, the world’s leading player in the sector, announced on Wednesday a drop in its assets under management at the end of the first quarter. After having passed the symbolic bar of 10,000 billion dollars in assets at the end of December, these fell to 9,570 billion at the end of March. All asset classes saw their outstandings decrease, with the exception of alternative strategies.

BlackRock is on the front line in the face of upheavals in the equity and bond markets. While the major stock market indices have recovered in recent weeks, the records reached in early January seem to be a thing of the past. Record inflation, rising rates and the invasion of Ukraine have instilled doubt in investors. And the war led by Russia puts “an end to globalization”, even predicts Larry Fink, the boss of BlackRock, in his recent annual letter to his shareholders.

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