In light of the better-than-expected asset growth across offerings, we have revised our price estimate for BlackRock’s shares upwards from $400 to $440. Taken together with cash management fund assets of over $400 billion, BlackRock’s total assets under management now stand at a record $5.69 trillion. Inflows continued to be led by BlackRock’s extremely popular iShares offerings, which reported net inflows in excess of $73.7 billion. The chart below captures the proportion of BlackRock’s assets under management distributed across its various offerings. Notably, BlackRock’s iShares offerings now account for 26.5% of its total asset base, compared to a figure of just over 23% in Q2 2016.

Source: Forbes July 18, 2017 18:45 UTC