Larry Fink Sees 'Barbell Effect' As Fixed-Income Investors Shift From Traditional Bonds To ETFs And Alternative Assets
Portfolio Pulse from Benzinga Neuro
BlackRock Inc. (NYSE:BLK) CEO Larry Fink highlights a shift in fixed-income markets as investors move from traditional bonds to ETFs and alternative assets. This trend, driven by expectations of a U.S. rate cut and a significant equity rally, has led to record inflows into BlackRock's ETF products and increased interest in infrastructure investments. BlackRock's quarterly revenue rose 8% to $4.81 billion, with net income surpassing expectations at $1.5 billion.
July 16, 2024 | 11:54 am
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BlackRock Inc. (NYSE:BLK) is experiencing a significant shift in investor preference from traditional bonds to ETFs and alternative assets, leading to record inflows into its ETF products. The company reported an 8% increase in quarterly revenue to $4.81 billion and a net income of $1.5 billion, surpassing expectations.
The shift in investor preference towards ETFs and alternative assets is likely to benefit BlackRock significantly, given its strong position in the ETF market and upcoming acquisition of Global Infrastructure Partners. The positive earnings report further supports a favorable short-term outlook for the stock.
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