BlackRock reports $11bn in Q3 alts inflows

BlackRock’s AUM swelled to $7.8 trillion in the third quarter as officials reported $129 billion in net inflows over the course of the quarter, but also continued interest within its alternative investment programs. The firm reported $11 billion in net inflows last quarter that brought the total alternatives portfolio to $222 billion. For the year ending September 30, active alternatives saw roughly $18 billion in capital inflows. Indexed alternatives products brought in $20 billion over the year. All together alternatives account for one of three key investment areas at the world’s largest asset management firm, which also expects growth in its iShares ETFs and technology investments. The 7% annualized organic asset growth in the quarter and higher organic base fee growth reflects strength of diversified investment management platform, especially active equities, illiquid alternatives and strategic focus areas of iShares, officials said in today’s earnings announcement. The firm announced 2020 diluted earnings per share of $8.87 or $9.22 on an adjusted basis. BlackRock’s alternative investment platform aimed at institutional investors includes real estate, infrastructure, private equity, credit, hedge funds and alternative solutions. Within alternative investment solutions, the firm builds multi-asset portfolios and relies on BlackRock’s Aladdin technology to aid in the process. Roughly half of the firm’s long-term inflows were driven by clients in Europe and Asia in the last quarter, according to the firm’s quarterly report. “Our results are a validation of our globally integrated asset management and technology business model, which allows us to consistently invest and evolve ahead of client needs,” said BlackRock Chairman and CEO Laurence Fink. “Each of our strategic investment areas, including iShares ETFs, alternatives and technology, continue to grow, while strong investment performance has driven positive active flows over the last year.” Overall, the firm has reported increased interest as well in the integration of ESG into its portfolios, which has been a big area of focus this year for the firm.

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