According to Odaily Planet Daily, BlackRock (BLK.N), the world's largest asset management company, attracted $205 billion in client inflows in the third quarter of this year, driven by its continued expansion in private credit and alternative assets. According to a statement on Tuesday, investors poured a net $153 billion into stocks, bonds, and other ETFs during the quarter, pushing BlackRock's total ETF holdings above $5 trillion for the first time. Long-term investment funds saw net inflows of $171 billion, exceeding market expectations of $161.6 billion. With the market rebound, the company's total assets under management (AUM) rose to a record $13.5 trillion. Adjusted EPS for the third quarter rose 1% year-over-year to $11.55, beating market expectations of $11.47; revenue increased 25% year-over-year to $6.5 billion. This inflow also included $34 billion in cash management and money market funds, bringing the business's assets to over $1 trillion for the first time. (Jinshi)
