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BlackRock's assets hit $12.53 trillion
Financial Express Lucknow
|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.
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