WSJ, How Much New Investor Cash Did BlackRock Attract in 2017? $1 Billion a Day, Jan. 13–14, 2018

The world’s largest asset manager reached a new milestone during 2017: the equivalent of $1 billion of new client cash every day.

The annual net inflow of $367.3 billion helped BlackRock Inc. BLK 3.27% pass $6 trillion in assets for the first time, up more than $1 trillion from the end of 2016. The record haul during 2017 amounted to more than $698,000 a minute.

The pace of new investor cash into BlackRock puts it in the same league as rival Vanguard Group, which attracted a net $369.3 billion in new money last year. The two managers now oversee a combined $11.2 trillion, higher than the gross domestic product of China in 2016.

Largest Money Managers

  • Top Money Managers (by total worldwide assets under management)
Institution in million dollars
1. BlackRock 3,791,588
2. Vanguard Group 2,215,216
3. State Street Global Advisors 2,086,200
4. Fidelity Investments 1,888,296
5. PIMCO 1,624,346
  • Top Institutional Money Managers (by total worldwide institutional assets under management)
Institution in million dollars
1. BlackRock Inc. 2,593,089
2. State Street Global Advisors 1,671,477
3. PIMCO 1,427,957
4. Vanguard Group Inc. 1,331,066
5. BNY Mellon Asset Management 1,253,701

via The Big Picture