BlackRock, Inc. (NYSE:BLK) is up 2.3 percent in pre-market trading after reporting strong Q4 earnings. Below is an initial report from Eric N. Berg, Kenneth S. Lee, and Bulent Ozcan of RBC Capital.
BlackRock, Inc. (NYSE:BLK) reported a December quarter that on first glance to us looked very strong. To be sure, the net flows into the company’s coffers, which seemed exceptionally strong at $40 billion, were dominated by iShares, which had nearly $20 billion of net inflows. We say “to be sure” because the iShares products tend to be lower-fee products than BlackRock’s actively managed equity and fixed income capabilities. But the iShares are also highly scalable – and thus high margin. And as a general statement we would say that BlackRock enjoyed success in the quarter across the board. Items we’d highlight:
Total inflows of $40 billion. Positive net flows across all three major client types: retail (net flows of $17 billion), iShares (net flows of $19 billion), institutional (net flows of $4.8 billion).
Qualivian Investment Partners performance update for the month ended July 31, 2022. Q2 2022 hedge fund letters, conferences and more Dear Friends of the Fund, Please find our July 2022 performance report below for your review. Qualivian reached its four year track record in December 2021. We are actively weighing investment proposals. Starting in November Read More