BlackRock's iShares taking in money fast and furious

BlackRock's iShares taking in money fast and furious
For the first time, fund manager saw roughly equal deposits into equity and fixed-income ETFs as investor demand for bond products increased.
NOV 30, 2015
By  Bloomberg
BlackRock Inc., the largest provider of exchange-traded funds, attracted $100.1 billion into its global iShares business in 2015, bringing in money at the fastest pace of any year in its history. For the first time, the firm saw roughly equal deposits into equity and fixed-income ETFs as investor demand for bond products increased, New York-based BlackRock said Friday in a statement. Its European-listed iShares attracted a record $27.8 billion through Nov. 19, topping their previous high from 2008, when they ended the year with $25.3 billion in net new cash. (More: Franklin hires iShares developer, former BlackRock ETF executive) “We're thrilled investors have entrusted us with record flows this year,” Mark Wiedman, global head of iShares, said in the statement. “We're seeing our clients expanding the use of ETFs in their portfolios, from long-term, core investments and as tools to express a view on almost any market.” BlackRock's iShares Core U.S. Aggregate Bond ETF took in the most net new business of any single fund in the lineup, pulling in $6.9 billion, followed by the iShares iBoxx $ Investment Grade Corporate Bond ETF at $5.5 billion.

Latest News

No succession plan? No worries. Just practice in place
No succession plan? No worries. Just practice in place

While industry statistics pointing to a succession crisis can cause alarm, advisor-owners should be free to consider a middle path between staying solo and catching the surging wave of M&A.

Research highlights growing need for personalized retirement solutions as investors age
Research highlights growing need for personalized retirement solutions as investors age

New joint research by T. Rowe Price, MIT, and Stanford University finds more diverse asset allocations among older participants.

Advisor moves: RIA Farther hails Q2 recruiting record, Raymond James nabs $300M team from Edward Jones
Advisor moves: RIA Farther hails Q2 recruiting record, Raymond James nabs $300M team from Edward Jones

With its asset pipeline bursting past $13 billion, Farther is looking to build more momentum with three new managing directors.

Insured Retirement Institute urges Labor Department to retain annuity safe harbor
Insured Retirement Institute urges Labor Department to retain annuity safe harbor

A Department of Labor proposal to scrap a regulatory provision under ERISA could create uncertainty for fiduciaries, the trade association argues.

LPL Financial sticking to its guns with retaining 90% of Commonwealth's financial advisors
LPL Financial sticking to its guns with retaining 90% of Commonwealth's financial advisors

"We continue to feel confident about our ability to capture 90%," LPL CEO Rich Steinmeier told analysts during the firm's 2nd quarter earnings call.

SPONSORED How advisors can build for high-net-worth complexity

Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.

SPONSORED RILAs bring stability, growth during volatile markets

Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.