Inflation and flagging equity markets make their mark on BlackRock returns

Third quarter inflows increased slightly at BlackRock, but assets under management have shrunk slightly.

Q3 was a mixed bag for BlackRock. | Photo: BRENDAN MCDERMID/REUTERS / X90143

The world's largest asset manager, BlackRock, had slightly less to manage in Q3, after higher inflation and an embattled equity market led to its worst returns since the start of the Covid-19 pandemic.

BlackRock's assets under management fell to USD 9,464bn at the end of the third quarter, down from USD 9,495bn at the end of Q2 – though an increase compared to the same period last year, which the manager ended with an AUM figure of USD 7,808bn.

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