BlackRock's assets under management totaled $4.774 trillion as of March 31, up 3% from three months earlier and up 1.4% from a year ago, BlackRock's earnings statement released Thursday shows.
Net inflows to BlackRock's long-term strategies were $70.44 billion for the first quarter, of which fixed income saw $36.29 billion; equities, $20.94 billion; multiasset strategies, $12.79 billion; and core alternatives, $418 million.
The company's institutional business generated long-term net inflows of $20.79 billion for the quarter, compared to net inflows of $20.67 billion during the last quarter and net inflows of $4.97 billion during the first quarter of 2014.
BlackRock's iShares exchange-traded fund business experienced net inflows of $35.48 billion, compared to net inflows of $44.19 billion in the previous quarter and net inflows of $7.76 billion the same quarter the year before.
BlackRock's global retail business, meanwhile, generated more than $14.17 billion of long-term net inflows, compared to net inflows of $22.95 billion in the fourth quarter of 2014 and net inflows of $14 billion in the first quarter of 2014.
“Today, investors are increasingly focused on outcome-oriented strategies that target specific goals, whether it's generating an income stream, preserving capital, or growing assets within a certain risk profile,” Laurence D. Fink, BlackRock chairman and CEO, said in the company's earnings call. “And they're moving beyond the bounds of traditional fixed-income strategies into global, unconstrained, or multiasset strategies to achieve those objectives.”