BlackRock Inc. on Wednesday filed an application with the U.S. Securities & Exchange Commission seeking approval to create exchange-traded fund classes for its mutual funds.
Many small-cap stocks have delivered solid returns in 2024, but the benchmark Russell 2000 index is still trading in bear territory.
Asset management giant BlackRock is in advanced talks to acquire private credit firm HPS Investment Partners, positioning itself as the sole active bidder, Bloomberg News reported on Tuesday, citing people with knowledge of the discussions.
Fink also said that he expects at least a quarter-point decrease before the end of 2024.
BlackRock Chief Executive Larry Fink says the Federal Reserve will not lower interest rates as much as some forecasters expect, warning inflation is "embedded."
The CEO of Blackrock, which oversees over $10 trillion in assets, sees one rate reduction before the end of this year, compared to the two trims that other market participants have forecast. "I think it's fair to say we're going to have at least a 25 (basis-point cut), but that being said, I do believe we have greater embedded inflation in the world than we've ever seen," Fink said.
The head of BlackRock says companies are growing into ‘extreme' price-to-equity ratios.
BlackRock CEO Larry Fink, speaking at the Future Investment Initiative in Saudi Arabia, says he expects at least another 25 basis-point interest-rate cut by the Federal Reserve this year. "We have greater embedded inflation in the world than we've ever seen," Fink adds.
On Thursday, BlackRock amplified its selection of large-cap ETFs by launching the iShares Top 20 U.S. Stocks ETF (TOPT), the iShares Nasdaq Top 30 Stocks ETF (QTOP), and the iShares Nasdaq-100 ex Top 30 ETF (QNXT). TOPT is trading on the NYSE, while QTOP and QNXT are available on the Nasdaq.
A.I. names prove to be "really powerful mega forces" in the markets, according to Jay Jacobs of Blackrock. Jay shares why he believes we're "still early" in the A.I.
Profitability at asset managers has slipped for the past two years and is likely to decline further through 2028 as investors increasingly opt for products with lower fees, such as exchange-traded funds (ETFs), according to a new study.
Investors interested in stocks from the Financial - Investment Management sector have probably already heard of AllianceBernstein (AB) and BlackRock Finance (BLK). But which of these two companies is the best option for those looking for undervalued stocks?