Doing a sum-of-the-parts analysis of Blackrock's ETF business would be a difficult endeavor, but certainly revenue, assets under management (AUM), and growth potential are important factors.
So the iShares ETF revenue was about a third of Blackrock's revenue, and Warren said that segment is still growing.
By any metric, Blackrock's ETF business just keeps getting more valuable.
The entire ETF business is growingBlackrock's ETF business is a gold mine, but total AUM for the entire ETF business now a bit over $9 trillion, which means Blackrock and a few rivals control a staggering amount of ETF investment dollars.
The search for new revenue is endlessThe ETF business is still raking in money, but there is tremendous fee pressure across the entire ETF universe, so the search for more revenue goes on.
Persons:
Larry Fink, Greggory Warren, Warren, Schwab, Fink, " Fink
Organizations:
BlackRock, Barclays, Morningstar, Blackrock, Investors
Locations:
BlackRock, Manhattan, New York City, Blackrock, United States, London, Canada, U.S