BlackRock reported $1.154 trillion in assets under management as of March 31, according to a regulatory filing. The companys assets increased 2.6% in the quarter and 149.2% for the year, which includes the acquisition of Merrill Lynch Investment Managers. Since that transaction closed at the end of September, BlackRocks AUM increased by 7.4%. In a conference call, BlackRock executives attributed the growth to positive net flows in all of its asset classes and client channels. Specifically, the company added $12.7 billion in net U.S. flows for the quarter, as well as $7.2 billion in international net inflows.
Overall, BlackRock reported $470.5 billion in fixed-income, $402.9 billion in equity, $244.8 in cash management and $35.8 billion in alternative assets under management.