How BlackRock Became The World's Largest Asset Manager



BlackRock is one of the world’s most influential companies in finance. At the end of the third quarter, it had $9.464 trillion in assets under management, making it the biggest asset manager in the world.

That scale gives CEO Larry Fink a voice in the international effort to fight global warming. Fink kicked off the decade with a letter to shareholders that called for better stewardship of environment, social and corporate governance issues.

These concerns stem from BlackRock’s conversations with clients across the globe. At a conference at the Bank of Italy earlier this year, Fink said that enforcing emissions reporting standards for public companies “will have the unintended consequences of fueling a backlash against our big companies, and it will promote a narrative of big versus small, and it will create greater and greater political polarization.”

Legal scholars like University of Virginia’s Paul Mahoney say the push for better ESG standards may transcend the typical boundaries of fiduciary responsibility.

“BlackRock in particular has been quite clear in their messaging that they believe that using ESG factors across its portfolio will help them deliver better returns,” the law professor told CNBC.

Fink and his team built their empire by focusing on long-term risk management and technology. This made BlackRock one of the world’s most powerful firms in a relatively short period of time. Now, they’re using that influence to push public corporations into taking action on ESG issues.

Watch the video above to see how BlackRock rose to the top of the financial world, and hear their plans for the future of the global economy.

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How BlackRock Became The World’s Largest Asset Manager

46 comments

  1. Mrs Harry Jane is legit and her methods work like magic I keep on earning,$17,000 every 2weeks trading with

  2. Blackrock has a huge stake in CNBC, so of course this is all sanitized and packaged with a pretty bow. Best way to keep a secret is to own it, and hide it publicly.

  3. BlackRock just part of corporate new world order that will be running everything in the world ask Klaus Schwab they're part of us economic Forum now and the global reset to name a few Microsoft Bill and Melinda Gates Mark Zuckerberg the list goes on and on

  4. ESG lead to the collapse of free speech and content creator rights online and most importantly the terrorizing and total dehumanization of meme page admins and memers in general which will lead to nuclear war. Larry Fink and the big tech leaders could have been stopped but impermanent beings have a particular nature.

  5. This company needs to be shut down. No one that is not a citizen of the USA should be able to own anything here, even investors.

  6. i'm going to place my stick in history and say that blackrock may be in a very risky financial position due to liquidity and market related dynamics.

  7. And they own the DNC. Go figure. Nazis will be nazis. Oh did I mention that they own this channel, Fox News, CNN, MSNBC, CBS and ABC. Think about that the next time you turn to the news for ACTUAL NEWS.

  8. Corruption has taken over our country by the control of funds by BlackRock Soros and the dark money flooding our elections. Wake up America!

  9. Whatever video, CNBC always brings climate change to the table, converting it from a minor contributor to a major contributor. That's absurd and fake news.

  10. Modern man is not the man who goes off to discover himself, his secrets, and his hidden Truth; he is a man who tries to invest himself in something beneficial for the future… All thanks to Ms Victoria Cox foe her guidance.

  11. I will forever be in-depted to you Victoria 😇 you've changed my life, I'll continue to preach about your name for the world to hear, you've saved me from a huge financial debt with just little investment, Thanks Ms Christiana Brat 🇺🇸🇺🇸

  12. So what is government?? Is it just to give the public an idea that their votes give short term power to people who they believe are in control,when really it's appeasement to keep the natives happy,means nothing who is the president/prime minister or what party they belong to its these mammoth companies who rule.

  13. "How to own everything and reap massive fees but talk like a nice guy so just enough bootlickers think you're a nice guy and you don't get broken up."

  14. and its always the same model: large scale centralized agriculture and community homogenization…how about looking to finance diversity, local solutions and organics. 70% of world food is from small farmers. Aha if half of our superannuation funds money went to local areas, these could boom and happier humans to be found everywhere. Centralization leads to a dreary existence for the majrity of the worlds people and species.

  15. environmental destruction, social inequality are a direct result of too many humans competing for survival and comfort, with growing tech and transportation/shipping needs, on a finite world. The greatest threat to humanity is over consumption, which includes over procreation; this is evident by pulling up a global population graph and comparing the exponential curve to that of global warming, pollution in all forms, unnatural mass extinction, destruction of rainforests, desertification, over fishing oceans and death of coral reefs, resource price inflation, unemployment, etc. Most of the corporate climate action has little impact on the environment, and instead is just political agenda to tax as well as drive out the mom and pop small business; the irresponsible corporate action is also limited to climate instead of addressing the larger environmental problems that are collapsing natural systems necessary for biological sustainability. The solution is simple and involves all strata of society to cut back consumption, while limiting births and installing global procreation management.

  16. CHANGE CLIMATE IS A GOD THING NOT A BLACK ROCK IF THEY REALLY DO THAT THE NATURE WEL GO AGAINST US ALL WITH VULCANOS URAGANS ETC THEY WEL DESTROY ALL CLIMATE SISTEM AND WEL DESTROY EARTH

  17. I will forever be in-depted to you Victoria 😇 you've changed my life, I'll continue to preach about your name for the world to hear, you've saved me from a huge financial debt with just little investment, Thanks Ms Christiana Brat 🇺🇸🇺🇸

  18. If your bank has ESG move your money to a local Credit Union. This is the worst thing that's ever happened to our financial system. Say no to discrimination and Social Scoring! No more Blackrock funds for us.

  19. I will forever be in-depted to you Victoria 😇 you've changed my life, I'll continue to preach about your name for the world to hear, you've saved me from a huge financial debt with just little investment, Thanks Ms Christiana Brat 🇺🇸🇺🇸

  20. Do these people eat kids daily? Looks like it. Tear them down, cancel them and watch the glory come back. Then go for the next one…on and on until their whining is gone along with their thieving and lying.

  21. Black Rock also owns most renewable resources fraud schemes 😂😂😂😂 which you obviously did not mention here 😉😉😉… 😂😂😂

  22. Disgusting greedy black rock ,buying family homes and driving up insane prices ,and not allowing people to buy their own family home, which is a necessity

  23. I will forever be in-depted to you Victoria 😇 you've changed my life, I'll continue to preach about your name for the world to hear, you've saved me from a huge financial debt with just little investment, Thanks Ms Victoria Cox 🇺🇸🇺🇸

  24. Bitcoin trading right now should be on every wise individual list. In few years you will be ecstatic about the decision you made today

  25. Successful people don't become that way overnight .most people you see as a glance-wealth, a great career, purpose-is the result of hard work and hustle over time. I pray that anyone who reads this will be successful in life..

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