Blackrock Energy and Res. Inc.

The U.S. Treasury has chosen the iShares Core S&P 500 ETF (IVV) and the iShares Core S&P Total U.S. Stock Market ETF (ITOT) from BlackRock as investment options for the new subsidy program "Trump Accounts." Both ETFs have an expense ratio of 0.03% and provide exposure to U.S. equities. BlackRock announced support via executive comments, grants from the BlackRock Foundation, and supplemental employer contributions for certain employees. The ETFs are to be made available through "Trump Accounts" after the program's official launch. » Mere på de.investing.com

BlackRock reported first-quarter net profit of $2.21 billion ($14.06 per share) and adjusted earnings of $12.53 per share, above analyst expectations. The firm saw $130 billion of net inflows, led by iShares ETFs, and investment advisory performance fees jumped to $272 million from $60 million a year earlier. Assets under management rose to $13.89 trillion. Its private markets business held $320.4 billion, with $9.1 billion of net inflows offset by $8.5 billion of returns of capital and a $2 billion market-value decline. » Mere på cnbc.com

Larry Fink urges investors not to overvalue short-term market moves and to stay invested, because a few trading days can determine long-term investment success. Since the outbreak of the Iran war, the S&P 500 and Dax have fallen sharply and government bonds have declined, while the Blackrock share has lost around ten percent since the start of the year. Despite mistrust and outflows in the private-credit segment, Blackrock plans to raise around $400 billion by 2030 and to generate 30 percent or more of its revenues from private markets and technology. » Mere på handelsblatt.com