BlackRock's assets under management totaled $10.01 trillion as of Dec. 31, surpassing the $10 trillion mark for the first time, buoyed by $211.7 billion of net inflows in the quarter and $540 billion for the year, the company said in an earnings report Friday.
The firm's AUM was up 5.8% compared with the end of the previous quarter and up 15.4% from a year earlier.
"It's just a number," said Laurence "Larry" D. Fink, BlackRock's chairman and CEO, in response to an analyst during the firm's earnings call.
He told analysts on the call that the firm has attracted $1.8 trillion in net assets over the past five years.
Growth of BlackRock's assets in 2021 was boosted by $864.1 billion from market performance but was impacted by a loss of $111.6 billion from foreign-exchange exposures, BlackRock's report showed.
BlackRock's ETF business continued its meteoric growth in 2021 with net inflows of $103.9 billion in the quarter more than twice as much compared with net inflows of $58 billion in the prior quarter. The firm's ETF franchise attracted a total of $306 billion in net inflows in the year, compared with $185 billion in 2020.