BlackRock's assets hit $12.53 trillion
Financial Express Pune
|July 16, 2025
BLACKROCK'S ASSETS UNDER management hit a new high in the second quarter as global markets rallied on the prospect of trade deals and interest-rate cuts from the US Federal Reserve, brushing aside earlier tariff-related jitters.
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A robust labour market and hopes that President Donald Trump would ease some of his harsher trade measures pushed major US indices to all-time highs through the end of June. That marked a sharp reversal from early April, when tumult in US trade and geopolitical policy battered confidence and fueled recession fears, concerns that BlackRock CEO Larry Fink echoed at the time.
This story is from the July 16, 2025 edition of Financial Express Pune.
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