BlackRock (BLK) is expected to have witnessed AUM growth in the third quarter of 2022.
One thing to start: BlackRock continues to find itself over a barrel with regards to its environmental, social and governance (ESG) investment policies. Louisiana’s treasurer this week said he will pull $794mn from BlackRock by the end of the year. John Schroder, who has been rumoured to be running for Louisiana governor next year, cited an opinion piece to allege that BlackRock has lost $1.7tn of client money “associated with ESG accounts”.
Government bonds including Treasuries accounted for 60 per cent of inflows, up from 20 per cent in August