BlackRock
Definition
BlackRock is a global asset management firm known for its extensive range of investment products, including mutual funds and ETFs. It is one of the largest financial institutions in the world, with significant influence over global markets.
5 Must Know Facts For Your Next Test
- BlackRock was founded in 1988 by Larry Fink and several partners.
- The firm manages over $9 trillion in assets as of 2023.
- BlackRock's Aladdin platform provides risk management and investment services to institutional investors.
- It is a major player in the ETF market, particularly through its iShares product line.
- BlackRock has been influential in advocating for sustainable investing through its focus on ESG (Environmental, Social, Governance) criteria.
Review Questions
- What year was BlackRock founded?
- How much in assets does BlackRock manage as of 2023?
- What is the name of BlackRock's platform that offers risk management and investment services?
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Related terms
ETF: An Exchange-Traded Fund (ETF) is an investment fund traded on stock exchanges, much like stocks.
Mutual Fund: A mutual fund pools money from many investors to purchase securities.
ESG Criteria: Environmental, Social, and Governance criteria are standards for a company’s operations that socially conscious investors use to screen potential investments.
