BLK: An Earnings Season Like No Other

• BlackRock sees the asset management business as an information processing business.
• BlackRock’s strategy of diversifying revenues beyond asset management and focusing on providing advice & solutions is paying off.
• Strong flows in a difficult quarter. About 40% of net inflows were due to iShares, i.e., passive investments.
• Investors have rotated out of fixed income into other asset classes.
• BlackRock expect its sustainable investing strategies to attract $1 trillion by the end of the decade.
• The company is convinced that fixed income ETFs will be a $2 trillion market over the next 4 years and a significant growth opportunity for BlackRock.
• BlackRock had a call with 750 of its institutional clients in April. About 75% of institutional clients expressed that they plan on taking on more risk, buying the dips. Only 5% want to take risk off the table.

Link to full report.