BlackRock reported assets under management of $7.32 trillion in the quarter ended June 30, the firm reported Friday.
While the AUM of the world's largest money manager were up 13.2% from the prior quarter and up 7% from the same quarter a year earlier, the firm has not regained enough to surpass its all-time high of $7.43 trillion as of Dec. 31.
AUM as of March 31 was $6.47 trillion.
During an earnings call with analysts, Gary S. Shedlin, senior managing director and chief financial officer, attributed much of the growth in the quarter to the $100.2 billion of net inflows from all strategies, including long term, cash and advisory assets.
Mr. Shedlin said the quarterly net inflows represented 6% annualized organic growth and 10% organic base fee growth.
He said AUM growth in the quarter ended June 30 was boosted by record inflows to active equity ($8 billion) and fixed-income ETFs ($57 billion) as well as strong net inflows ($3 billion) into illiquid alternative investments.
During his remarks to analysts on the call, Laurence D. Fink, BlackRock chairman and CEO, drew attention to the fact that the more than 60 new investors, including pension funds, insurers and money managers, were among investors who drove the strong net inflow into fixed income ETFs in the second quarter.
By comparison, BlackRock's total net inflow in the quarter ended March 31 was $35 billion. For the second quarter of 2019, the firm saw net inflows of $151 billion, BlackRock's earnings reports showed.
Growth in total assets under management in the quarter were led by net inflow of $51 billion into iShares, followed by $24.2 billion to cash management funds, $16.2 billion from retail investors and $13.8 billion in advisory assets. Institutional strategies saw a net outflow of $5 billion.
Long-term strategies (excluding cash funds and advisory assets) had net inflow totaling $62.2 billion in the quarter ended June 30, BlackRock's earnings report said.
Flows by asset class were led by fixed-income strategies, which attracted $60.3 billion of net inflow, followed by alternative investments, with a net inflow of $11.1 billion.
Multiasset strategies saw the largest net outflow during the three-month period, at $4.8 billion. Equity net outflows totaled $4.4 billion.
In response to an analyst's query about BlackRock's illiquid alternative strategies, Mr. Fink said: "We continue to see high demand and growth in all of our strategies from around the world" especially in infrastructure, private credit and private equity.
