Blackrock $Blk Has Lost $1.7T of Its Clients’ Assets
BlackRock is an iShares business, which offers low-cost exchange-traded funds. Investment firm BlackRock $BLK has lost $1.7 trillion of its clients’ assets. BlackRock is trying to adapt to the changing landscape. According to eVestment, the outflows come as investors pull money from actively managed funds and put it into passive vehicles like index funds. BlackRock’s iShares business, which offers low-cost exchange-traded funds (ETFs), was one of the few bright spots for the firm, with $22.4 billion in inflows. The outflows are a sign that investors are becoming more choosy about where they put their money. They’re also a sign that
