NEW YORK, Dec 9 (Reuters) – BlackRock is on track for record annual inflows into its iShares products this year and for one of its strongest years for organic base-fee growth, Chief Financial Officer Martin Small said on Tuesday.
As of Dec. 5, BlackRock’s iShares exchange traded funds (ETFs) registered inflows of about $100 billion in the fourth quarter this year, said Small, bringing iShares flows to a total of about $450 billion this year, which would be an annual record.
“Everyone in BlackRock is very excited about delivering one of the strongest years in terms of organic base fee growth that we’ve seen in the history of the company,” Small said, speaking at the 2025 Goldman Sachs U.S. Financial Services Conference.
Organic base fee growth is a measure of management fee revenue excluding acquisitions and other one-off effects.
The world’s largest asset manager, with more than $13 trillion under its watch by the end of the third quarter, has been bulking up in private markets through acquisitions last year that were key to its ambition to become a one-stop investment shop for both public and private assets.
It expects its push into private markets will help drive revenue and boost its market value in the years ahead.
“We’re really seeing a lot of breadth in the business in terms of growth engines,” said Small. “It’s not just capabilities that we’ve had for decades, it’s new capabilities that we’ve built in the last two years, as well as capabilities that we’ve acquired in the last two years,” he said.
(Reporting by Davide Barbuscia, Editing by Nick Zieminski)
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