BlackRock Financial News

01.05 / 22:41

BlackRock Asset Tokenization RWA RWA Tokenization Firm Securitize Secures $47 Million Investment Led by BlackRock

Securitize, a company specializing in RWA tokenization, announced on May 1 the successful closure of a $47 million funding round. The investment was led by BlackRock, the world’s largest asset manager, further solidifying the growing interest and potential within the RWA tokenization sector.

30.04 / 08:07

Citi ETF BlackRock HANS Bitcoin Spot ETFs Hong Kong ETF Issuers Anticipate $300 Million First-Day Inflows: Bloomberg

Issuers are expecting approximately $300 million in combined first-day inflows for the six new Hong Kong spot-crypto ETFs, with a preference for Bitcoin funds.

29.04 / 04:31

Ethereum ETF SEC security BlackRock ethereum etf Franklin Templeton Lists Ethereum ETF Under Ticker ‘EZET’ on DTCC

Asset management firm Franklin Templeton has listed its Ethereum exchange-traded fund (ETF) under the ticker EZET on the Depository Trust and Clearing Corporation (DTCC) website.

28.04 / 04:33

UPS Target BlackRock Experts performer reports recommendations Financial Bajaj Finance vs Jio Financial: Which stock should you buy after Q4 results?

Bajaj Finance and Jio Financial came out mixed, further complicating the question of which stock one should buy between these two. Bajaj Finance reported a decent double-digit rise in profit and interest income year-on-year. Jio Financial, on the other hand, reported a single-digit sequential rise in profit and interest income.

24.04 / 19:29

Provident Target Digital security Strategy BlackRock innovations BlackRock unveils its answer to the looming retirement crisis

BlackRock has officially launched a new product to help American workers take on the all-encompassing problem of retirement security.

24.04 / 16:53

markets ETF security Strategy BlackRock Morningstar reports European active ETFs hit €34bn AUM as market share set to increase

According to a Morningstar report with data to 31 March 2024, the initial growth in this market coincided with a «boom» in bond strategies, resulting in active bond ETFs securing the lion's share of assets when interest rates were lower and greater confidence was held by active management. BlackRock launches two active iShares ETFs in Europe But in the past two years active equity ETFs grew exponentially, to the point where they have now overtaken their fixed income counterparts, the data provider found, gathering €20bn in the last two years alone. Active equity strategies manage...

24.04 / 11:03

Provident ETF BlackRock BlackRock expands iShares range with four sovereign bond ETFs

The iShares fixed maturity range will now comprise 13 UCITS ETFs, with maturities ranging from 2025 to 2029. BlackRock noted the latest launches – namely iShares iBonds Dec 2027 Term $ Treasury UCITS ETF; iShares iBonds Dec 2029 Term $ Treasury UCITS ETF; iShares iBonds Dec 2026 Term € Italy Govt Bond UCITS ETF; iShares iBonds Dec 2028 Term € Italy Govt Bond UCITS ETF — mark the first time iShares iBonds will provide exposure to European government debt. BlackRock launches two active iShares ETFs in Europe Two of the four ETFs will provide maturities in US government debt in 2027 a...

24.04 / 01:31

markets COST JPMorgan Platform BlackRock 2020 UBS dials back China fund plans on costs, grim outlook

UBS Group AG is postponing plans to build its own mutual fund business in mainland China due to high costs and a dim profit outlook, people familiar with the matter said. The Swiss bank will instead rely on existing joint ventures to expand in China's mutual fund industry following the acquisition of Credit Suisse last year, the people said, requesting not to be identified because the matter is private.

22.04 / 00:18

UPS Manufacturing Strategy BlackRock Research President Know Your Fund Manager: Harsha Upadhyaya, CIO Equity, Kotak Mahindra AMC

Born to a doctor father and homemaker mother, I was raised in Bengaluru. I moved to NITK, Surathkal to pursue engineering degree and later to IIM Lucknow for post-graduation in management. Also acquired CFA charter from CFA Institute, US while working. I am the first one to choose the field of finance even in the extended family tree. How did you land up in this job?

18.04 / 11:07

markets ETF Exodus BlackRock Trade Cycling Grayscale’s once-mighty fund is bleeding bitcoin

For years, the Grayscale Bitcoin Trust was one of the few ways to bet on bitcoin without buying the cryptocurrency itself. Now, with the sector awash in lower-cost competing funds, investors are fleeing the exchange-traded fund. GBTC, as the trust is known for its ticker symbol, remains the world’s largest bitcoin fund thanks to the recent surge in crypto prices.

17.04 / 14:37

Provident CEO Strategy BlackRock Research MSCI Asset Value Investors launches open-ended offering of £1.3bn AVI Global trust

The AVI Global Special Situations fund follows the existing strategy, which aims to use a bottom-up, research-driven approach to engage with companies to provide value and drive returns. AVI CEO and CIO Joe Bauernfreund, who manages the AVI Global Trust, will also manage the Dublin-domiciled fund along with a research team of 12. Quintet and BlackRock partner for multi-manager US equity launch The fund will be benchmarked against the MSCI AC World index and charge a management fee of 0.75% Bauernfreund said: «We are seeing attractive opportunities in all parts of the equity mark...

17.04 / 14:37

Career Strategy BlackRock BLK BlackRock veteran portfolio manager Nigel Ridge to retire after 34-year career

Ridge has been managing long/short mandates for the asset management giant since 2005, having joined the firm's UK equity team in 2004. In 2013, he took over as manager of the BLK UK Absolute Alpha fund. Ahead of his departure on 1 August, Ridge's portfolio management responsibilities for the firm's UK long/short equity strategies will transition to the emerging companies team, led by Dan Whitestone. BlackRock head of EMEA fundamental fixed income exits after nearly two decades Whitestone will take over from Ridge as co-manager of the BLK UK Absolute Alpha fund, joining existing ...

16.04 / 16:15

markets UPS BLOCK ETF BlackRock Bitcoin Bitcoin tops $67,000 as US Federal Reserve keeps rates steady

Bitcoin briefly soared above $67,000 (€61,544) on Thursday morning, before once again settling around $61,544 in the afternoon. This was a considerable rebound following Wednesday’s dampened sentiment.

16.04 / 11:57

markets Citi FIVE CEO BlackRock track BlackRock executive joins investment technology firm SimCorp

A former executive at BlackRock who focused on business development for its investment management technology offering has joined SimCorp as managing director and head of Americas.

16.04 / 04:55

FIVE Reuters security BlackRock information reports Relationships Financial Jio Financial Services shares spike 5% after company announces JV with BlackRock

Jio Financial Services, the financial subsidiary of Reliance Industries, witnessed a significant surge of 5% during today's intraday session, reaching ₹371.95 per share. This increase follows the company's announcement, made through an exchange filing on Monday, regarding the signing of an agreement to establish a 50:50 joint venture with BlackRock.

16.04 / 01:01

CEO Enterprise BlackRock WhatsApp Trade Financial Stocks in news: RIL, Jio Financial, JSW Infra, Cipla, Gujarat Gas

RIL, Jio Financial, JSW Infra, Cipla, Gujarat Gas among others will be in focus due to various news developments. Crisil, SG Mart, Den Networks Shares of Crisil, SG Mart, and Den Networks will be in focus as the companies will announce their fourth quarter results on Tuesday.

15.04 / 16:23

markets security Tesla BlackRock reports Relationships Financial Jio Financial Services and BlackRock join hands for wealth management, broking business

Elon Musk's Tesla lays off 14,000 global positions amid slowdown in EV demand: 'This will enable us...' “The Company, BlackRock, Inc. and BlackRock Advisors Singapore Pte. Ltd.

15.04 / 16:23

markets Target Digital security Tesla BlackRock innovations Mukesh Ambani-led Reliance Industries to announce Q4 results, consider dividend on April 22

Jio Financial Services and BlackRock join hands for wealth management, broking business If approved by the board, the conglomerate will announce its second dividend for the financial year 2023-2024. In the June quarter, the Mukesh Ambani-owned company announced a dividend of ₹9, making it the first of the fiscal year.

15.04 / 01:35

markets UPS Progressive Manufacturing economy BlackRock country The evolution of Indian manufacturing as an investment theme

₹6,200 crore from ₹4,645 crore in 2023-24 (budget estimate). Similarly, the allocation for the Modified Programme for Development of Semiconductors and display manufacturing ecosystem was more than doubled to ₹6,903 crore for 2024-25 (BE) from ₹3,000 crore in 2023-24 (BE).

11.04 / 00:09

markets security economy Invesco BlackRock country International Invesco plans to exit MF business in India

Invesco, which oversees investments of about Rs 86,000 crore in India, has signed an option deal to sell its remaining 40% stake in the local mutual fund business to Hinduja Group-owned IndusInd International Holdings (IIHL) as part of a broader plan to exit an increasingly competitive geography for foreign players, two people familiar with the deal said. On Tuesday, it announced the sale of a 60% stake in Invesco Asset Management India to IIHL. Invesco AMC Valuation at Rs 2,500 cr

10.04 / 07:15

Bitcoin news BlackRock digital assets Blockchain technology Bitcoin The making of a crypto evangelist: Larry Fink's transformative journey

Larry Fink is the most powerful man in the world of finance. He is the founder, CEO, and chairman of BlackRock, the leading global investment management firm and one of the world's most significant asset managers. So when he talks, the world listens. Of late Fink has experienced a remarkable transformation in his view of crypto. From expressing scepticism to becoming a fervent advocate, Fink's journey mirrors the broader shift in perception towards digital assets within the traditional financial sector.

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