BlackRock’s assets under management jump to $11.5 trillion

$11.5T

With some help from rounding, that’s how many assets under management BlackRock, Inc. accumulated by the end of September, according to its third-quarter earnings report.

Or, as CFO Martin Small put it, “$11.5 trillion units of trust.”

Retail, active, institutional, index — virtually every major segment saw net inflows over the course of the quarter. But as a driver of AUM growth, the quarterly record of $221 billion in inflows was dwarfed by the broad rally in financial markets.

The S&P 500 gained 5.5% from July through September, while the Bloomberg Global Aggregate Bond Index soared 7% over the same period.

The asset management giant breached the $10 trillion AUM milestone in the fourth quarter of last year.

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