BlackRock Assets Soar to Record $10.6 Trillion on ETF Surge

BlackRock Inc. reached a record $10.6 trillion in assets, driven by significant inflows into ETFs and fixed-income funds. The firm saw $51 billion in client cash added to long-term investment funds in Q2, despite some large redemptions. BlackRock's diversified growth includes private markets and a recent acquisition of Global Infrastructure Partners, enhancing its position in infrastructure investments. The company's adjusted net income per share rose 12% from the previous year, surpassing Wall Street estimates.