BlackRock’s Assets Hit Record $13.5 Trillion After Market Rally, Dealmaking Spree

BlackRock’s fee growth was driven by investors’ insatiable appetite for exchange-traded funds. - Bing Guan/Bloomberg News The world’s biggest money manager just shattered its own record. BlackRock ended the third quarter with $13.46 trillion in assets under management, up 17% from a year ago. Buoyant markets and $205 billion in new client money helped lift the manager above the $13 trillion mark for the first time. Most Read from The Wall Street Journal Base fees, or what BlackRock collects from fund i ...