BlackRock, Inc. reports developments from a global asset management and financial technology business built around investment products, institutional client services and technology platforms. Recurring updates include operating results, net flows across ETFs, active strategies and private markets, and product launches under the iShares brand, including fixed income ETFs tied to leveraged loans and other credit markets.
Company news also covers Aladdin and Preqin data, analytics and benchmark capabilities for private credit, infrastructure-focused activity through Global Infrastructure Partners, and philanthropic workforce initiatives funded by The BlackRock Foundation. These releases connect BlackRock's asset management platform with technology services, private markets data, infrastructure investment themes and skilled-trades workforce programs.
In uncertain markets, endowments, foundations, and healthcare investors are increasing private equity allocations.
53% of non-profit institutional investors are raising allocations to private equity to seek returns amid volatile markets. Key risks identified include inflation and rising interest rates, with interests shifting towards real estate, public equities, and natural resources. Despite concerns over potential losses, nearly half of investors are focused on generating unique returns, with over 75% favoring private equity. The survey indicates growing adoption of ESG standards in investment practices.
BlackRock has launched the BlackRock Future Financial and Technology ETF (NYSE Arca: BPAY), enhancing its Megatrends platform. The actively managed fund focuses on firms driving innovation in financial services, with a specific aim of maximizing total returns. Lead Portfolio Manager Vasco Moreno noted a 30% increase in fintech usage during the pandemic in the U.S. BPAY is the sixth active ETF in BlackRock's U.S. Megatrends platform, boasting a 0.70% expense ratio. BlackRock manages over $50 billion in AUM across 44 thematic products.
BlackRock's iShares MSCI Russia ETF (ERUS) announced the suspension of share redemption rights effective August 3, 2022, following SEC directives to facilitate portfolio liquidation. BlackRock will commence this liquidation process on August 17, 2022, distributing assets to shareholders, subject to a reserve for transaction costs. Due to sanctions from the Ukraine conflict, liquidation may take time, extending fund existence to at least December 31, 2023. Future updates on the fund's status will be available on the product’s webpage.
BlackRock has launched its first Model Portfolios for Women, addressing unique factors affecting women's investing success: life expectancy, income gaps, and employment gaps. Women in the U.S. outlive men by over five years and earn approximately $0.82 for every $1 earned by men, with larger gaps for Black and Latina women. These portfolios aim to enhance equity allocation across women's long investment horizons. This initiative reflects BlackRock’s commitment to advancing gender equity and supports women in achieving better long-term financial outcomes.
According to BlackRock’s latest retirement survey, 37% of Americans feel unprepared for retirement, a notable increase attributed to inflation and market volatility. Confidence among workplace savers has declined from 68% in 2021 to 51%. Inflation raises concerns for 87% of these savers, with 64% fearing their savings won't last a lifetime. However, Gen Z stands out, saving an average of 14% of their earnings, the highest among generations. The survey reveals a growing interest in guaranteed income options, with 87% of workplace savers willing to invest for regular payments.
BlackRock and QLS Advisors have partnered to create data-driven investment solutions aimed at accelerating biomedical innovation. By leveraging BlackRock's investment platform and QLS's advanced technologies for evaluating clinical trial success, this collaboration aims to direct funding to promising therapeutic developments in public and private companies. With a Scientific Advisory Council of industry leaders, the initiative seeks to improve capital allocation in healthcare while generating attractive returns for clients.
BlackRock, Inc. (NYSE: BLK) reported its financial results for the second quarter of 2022. The earnings release and supplemental materials are accessible online. A teleconference will be held on July 15, 2022, at 8:30 a.m. ET, hosted by key executives including CEO Laurence D. Fink. Replay options for the call will be available until July 29, 2022. BlackRock, a leading financial technology provider, continues to focus on enhancing financial well-being for its investors.
BlackRock, Inc. (NYSE:BLK) has declared a quarterly cash dividend of $4.88 per share, set to be paid on September 23, 2022. Shareholders of record as of September 7, 2022 will be eligible for this dividend. This decision underscores BlackRock's commitment to returning capital to its shareholders while enhancing financial well-being through investment opportunities. The firm continues to position itself as a leading provider of financial technology to facilitate affordable investing.
BlackRock, Inc. (NYSE: BLK) will report its second quarter 2022 earnings on July 15, 2022, before the market opens. CEO Laurence D. Fink, President Robert S. Kapito, and CFO Gary S. Shedlin will hold a teleconference at 8:30 a.m. ET to discuss the results. Investors can access the earnings release and supplemental materials in the investor relations section of www.blackrock.com. A replay of the teleconference will be available starting at 11:30 a.m. ET on the same day and will remain accessible until July 29, 2022.
BlackRock announced the creation of a perpetual infrastructure strategy focused on partnering with leading infrastructure businesses to drive the global energy transition. Initial allocations will exceed 50% in Europe, with plans for global diversification. The strategy targets investments in energy transition and security, digital infrastructure, and sustainable mobility. An estimated $125 trillion is needed worldwide by 2050 to achieve net zero, with a significant focus on energy security, particularly in Europe. BlackRock has mobilized over $55 billion for infrastructure investments.