BlackRock reached a record $13.46 trillion in assets under management during the third quarter, reflecting a powerful combination of strong market performance and consistent investor inflows. The asset management giant benefited from a broad-based equity rally, higher bond valuations, and renewed global appetite for ETFs and index funds. Net inflows into BlackRock’s investment products totaled over $80 billion, led by fixed-income and multi-asset strategies, as institutional and retail investors alike sought stability amid moderating inflation expectations. The company’s adjusted net income rose to $1.91 billion, or $11.55 per share, marking a significant increase from $1.46 billion a year earlier. Executives credited the firm’s diversified product lineup and disciplined cost management for sustaining growth despite rising operational expenses linked to its acquisition of HPS Investment Partners.

The record AUM highlights BlackRock’s unparalleled scale and its growing influence on global capital markets. Beyond traditional ETFs, the company has expanded aggressively into private credit, infrastructure, and technology-driven investment solutions to capture emerging demand from institutional clients. CEO Larry Fink emphasized that digital innovation and sustainability-focused strategies remain core pillars of the firm’s growth outlook. Analysts view the milestone as a signal of investor confidence returning to asset management after a year of market volatility, with BlackRock positioned as both a beneficiary of the rally and a key driver of market liquidity. Its performance not only reaffirms its leadership in passive investing but also underscores how large-scale asset managers are adapting to the next phase of global economic transition.