Blackrock Stock Price, News & Analysis

BlackRock has received over US$250 million in commitments for its Climate Finance Partnership (CFP) from various institutional investors and governments. This initiative aims to enhance climate infrastructure investments in emerging markets, fostering a transition to a low-carbon economy. Major commitments include US$112.5 million in catalytic capital from France, Germany, Japan, and notable foundations. The CFP seeks to raise a total of US$500 million and will focus on sectors like renewable power generation and energy efficiency.

On July 7, 2021, Altruist announced the expansion of its Model Marketplace, integrating new models from BlackRock (NYSE: BLK), Redwood Investment Management, and State Street (NYSE: STT). This enhancement allows financial advisors to access top-tier models, including BlackRock's Target Allocation ESG and ETF Series, and State Street's Active Asset Allocation ETF Portfolios. Altruist aims to provide cost-effective solutions for independent advisors, allowing them to manage portfolios efficiently and meet growing client demand for sustainable investment options.

BlackRock, Inc. (NYSE: BLK) will release its second quarter 2021 earnings on July 14, 2021, before market opening. The event will be followed by a teleconference at 8:30 a.m. ET, hosted by key executives including CEO Laurence D. Fink. Investors can access the earnings release and related materials via the investor relations section of www.blackrock.com. A live webcast will also be available. Replays of the teleconference will be accessible starting at 11:30 a.m. ET on the same day, with both options available until July 28, 2021.

BlackRock (NYSE: BLK) is set to update nine iShares ETFs, including implementing stock splits for certain funds effective July 19, 2021. The stock splits aim to lower share prices and increase outstanding shares without affecting total value. Additionally, BlackRock will close and liquidate seven U.S. iShares ETFs, with trading halting before market open on August 24, 2021, and liquidation proceeds expected to be sent to shareholders around August 26, 2021. The changes reflect BlackRock's commitment to optimizing its product offerings.

BlackRock has partnered with Cassini Systems to integrate Cassini's margin analytics into its Aladdin platform. This collaboration aims to enhance margin management for mutual clients by enabling better pre- and post-trade decision-making. Users will benefit from insights on margin exposure and collateral optimization, ultimately improving efficiency across their trading operations. The initial offering of pre-trade margin capabilities is expected to roll out in September, aligning with BlackRock's ongoing investment in Aladdin's derivatives functionality to support regulatory compliance.

BlackRock Real Assets announced a successful fundraising of US$1.67 billion for its Global Infrastructure Debt Fund (GID), exceeding the initial target by over three times. The fund attracted commitments from more than 20 institutional investors, including major insurance companies and pension funds from the US, Canada, Japan, and Korea. GID focuses on infrastructure investments in developed markets, aiming for stable income amidst global uncertainties. With an experienced team managing US$16.6 billion in client commitments, BlackRock aims to leverage its extensive origination capabilities for future investment opportunities.

BlackRock has launched the iShares Cloud and 5G Multisector ETF (NYSE: IDAT), aiming to track the Morningstar Global Digital Infrastructure & Connectivity Index. This fund focuses on 50 global firms poised for significant profit increases from infrastructure-as-a-service and 5G technologies. BlackRock highlights five megatrends driving investment opportunities, including Technological Breakthroughs and Rapid Urbanization. The ETF is designed to cater to investor needs in the evolving digital connectivity landscape.