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.
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.
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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.
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BlackRock, Inc. (NYSE:BLK) has declared a quarterly cash dividend of $4.13 per share, set for payment on June 23, 2021. Shareholders must be on record by the close of business on June 4, 2021 to qualify for this dividend. BlackRock aims to enhance financial well-being for its investors, leveraging its technology to simplify and reduce the cost of investing.
BlackRock (NYSE:BLK) announced that Laurence D. Fink, Chairman and CEO, will speak at the 2021 Deutsche Bank Global Financial Services Conference on June 2nd, 2021, at 9:30 a.m. ET. Investors can access a live audio webcast through the Investor Relations section of BlackRock's website. A replay of the presentation will be available within 24 hours and accessible for three months. BlackRock aims to enhance financial well-being for all by providing affordable investment solutions.
BlackRock announced that ADP, Best Buy, Self, Truist, and Varo have joined its Emergency Savings Initiative (ESI) to enhance access to low-cost savings products for financially vulnerable Americans. This collaboration aims to innovate and scale effective savings solutions, marking a significant milestone for the ESI. Partners will deliver tailored solutions to low- to moderate-income workers via various channels. BlackRock has committed $50 million to address the savings crisis, emphasizing the need for structured support to improve financial stability for those facing economic insecurity.
BlackRock Long Term Private Capital has acquired a majority interest in Transaction Data Systems (TDS), a leading pharmacy software provider. GTCR, the previous owner, retains a minority stake. TDS, known for its pharmacy management systems and clinical applications, aims to enhance operations and patient engagement. CEO Jude Dieterman highlights the partnership with BlackRock as a means to further TDS's growth objectives. This acquisition marks LTPC's fourth investment and second in North America, underscoring its strategy of investing in high-quality businesses.