BlackRock is a name that has been making headlines in the financial world for several years now.
As the world's largest asset manager, BlackRock manages over $9 trillion in assets, making it a major player in the global financial market.
So who BlackRock is, what they do, what they're in for, and what their plans are for the future.
Who is BlackRock?
BlackRock is an American multinational investment management corporation founded in 1988 by Larry Fink, Robert S. Kapito, Susan Wagner, Barbara Novick, and Ralph Schlosstein.
The company is headquartered in New York City and has offices in over 30 countries around the world.
BlackRock offers a wide range of investment products and services, including mutual funds, exchange-traded funds (ETFs), and institutional investment solutions.
What does BlackRock do?
BlackRock's primary business is managing assets for institutional and individual investors.
The company offers a wide range of investment products and services, including equity, fixed-income, and alternative investment strategies. BlackRock also offers risk management and advisory services, as well as technology and investment platform solutions.
What is BlackRock in for?
BlackRock has been in the news lately for its role in shaping the global financial market.
The company has been accused of wielding too much power and influence over the market, and of being too big to fail.
BlackRock has also come under fire for its investments in industries that contribute to climate change, such as fossil fuels.
What are BlackRock's plans for the future?
BlackRock has announced that it plans to put sustainability at the center of its investment strategy.
The company has pledged to achieve net-zero carbon emissions by 2050 and to divest from companies that generate more than 25% of their revenues from thermal coal production.
BlackRock has also announced plans to launch a range of sustainable investment products, including ETFs that track indexes of companies with high environmental, social, and governance (ESG) ratings.
Conclusion:
BlackRock is a major player in the global financial market, with a wide range of investment products and services.
As the world's largest asset manager, BlackRock has a significant impact on the global economy and financial system.
The company's plans to prioritize sustainability and ESG investing could have a major impact on the future of the financial industry.
