BlackRock assets hit record-high $10.65 trillion on ETF flows, rising stocks

Assets managed by BlackRock (BLK.N), opens new tab hit a record $10.65 trillion in the second quarter thanks to rising client asset values and as investors pumped money into the company’s exchange-traded funds, the world’s largest asset manager said on Monday.

Stock markets have scaled record highs in the last few months amid rising expectations of a soft landing for the U.S. economy and an investor frenzy around artificial intelligence-linked stocks.