BlackRock Inc., headquartered in New York, offers products that span the risk spectrum, including active, enhanced and index strategies through a variety of structures that include separate accounts, mutual funds, iShares, exchange traded funds (ETFs) and other pooled investment vehicles.

BlackRock also offers technology services as well as advisory services and solutions to institutional and wealth management clients. The company manages its clients’ assets as a fiduciary.

BlackRock manages its AUM through the following categories:

Equity: BlackRock’s equity AUM reflects the diversity of its business model and includes a wide range of both active and passive strategies. AUM for this class was $5.29 trillion as of Dec 31, 2023.

Fixed Income: BlackRock’s fixed income asset class is evenly divided between passive and active mandates. AUM under this class was $2.80 trillion as of Dec 31, 2023.

Multi-Asset Class: BlackRock’s multi-asset class team manages a range of personalized mandates that leverages its broad investment expertise in global equities, currencies, bonds and commodities and its extensive risk management capabilities. As of Dec 31, 2023, AUM under this class was $870.8 billion.

Alternatives: BlackRock Alternative Investors manage the company’s alternative investment efforts, including product management, business development and client service. AUM under this class was $276 billion as of Dec 31, 2023.

Cash Management: Cash management products include taxable and tax-exempted money market funds and customized separate accounts. AUM under this class was $764.8 billion as of Dec 31, 2023.

Advisory: The company did not record any AUM balance under this asset class as of Dec 31, 2023.

In 2017, BlackRock acquired the First Reserve Energy Infrastructure Funds and Cachematrix. In 2018, it acquired Tennenbaum Capital Partners and the asset management business of Citibanamex. In 2019, the company acquired Paris-based eFront. In 2021, it acquired Aperio Group LLC and the Climate Change Scenario Model of Baringa Partners. In 2023, the company acquired London-based Kreos Capital.