BlackRock's AUM approaches US$6 trillion even as fees come under pressure

BlackRock assets set to hit record US$6 tril on huge demand for passive funds

SINGAPORE (Oct 12): Money gushing into its mainly passive funds at a rate of nearly US$1.5 billion a day is putting BlackRock within touching distance of surpassing US$6 trillion ($8.1 trillion) under management, reported The Financial Times.

In the three months to September, the world’s largest investment group reported diluted earnings per share of US$5.78, up a tenth from the same period last year. Adjusted diluted EPS jumped 15% year-on-year to US$5.92, compared to Wall Street’s expectations of US$5.58.

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