Global stock rally has more room to run
The bull case presented by BlackRock is that the global equity market rally remains robust and is broadening beyond the United States.
The argument
BlackRock CEO Larry Fink expressed optimism on global markets during an analyst call, noting that the firm reached a historic milestone of managing over $15 trillion in assets, driven by $192 billion in new client inflows and booming stock markets.
The thesis, stress-tested
✓ What validates it
- ✓Continued net positive client inflows in subsequent quarterly earnings reports
- ✓Broadening performance indices in non-US global equity markets
▸ Risks discussed
- ▸Market corrections could erode assets under management and fee revenue
- ▸Inflows could slow down if macroeconomic conditions deteriorate
Hear it yourself
"BlackRock posted bumper quarterly results, and it made history as the first investment firm to manage more than $15,000,000,000,000 in assets. The company took in $192,000,000,000 in new client money during the second quarter. That, plus booming stock markets, increased its assets under management by more than $1,000,000,000,000."
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