In the latest trading session, BlackRock (BLK) closed at $593.08, marking a +0.21% move from the previous day.
BlackRock Inc, JPMorgan Chase & Co and other top financial firms have told a Texas official they are not boycotting energy companies, responding to a request for information that could determine if they are able to continue to manage state funds. The money managers are under pressure from a new Texas law that prohibits state agencies that invest funds from investing in financial firms found to boycott fossil fuel energy companies. In a May 13 letter obtained by Reuters News under a public records request, BlackRock, the world's largest asset manager, acknowledged to Texas Comptroller Glenn Hegar that it has joined various efforts to cut greenhouse gas emissions like the high-profile Net Zero Asset Managers Initiative.
NEW YORK, May 18, 2022--Despite the most challenging fixed income market in decades, BlackRock projects that global bond exchange-traded funds (ETFs) assets under management (AUM) will triple to $5 trillion by 2030.1