About:
It is an American multinational investment company. It is the world’s largest asset manager, with market cap of $117.82 billion and with around $7 trillion under management as of January 23, 2024. BlackRock Headquarter is in New York City, it has 70 offices in 30 countries, and clients in 100 countries. BlackRock is the manager of the iShares group of exchange-traded funds, and along with The Vanguard Group and State Street. It is considered to be one of the Biggest index fund managers. As of 2023, BlackRock was ranked 229th on the Fortune 500 list of the largest United States corporations by revenue.
software used:
Aladdin software is used and keeps track of investment portfolios for many major financial institutions. It also give the Solutions division provides financial risk management services.
criticized:
BlackRock has sought to position itself as an industry leader in environmental, social, and corporate governance (ESG). It has come under fire for funding businesses connected to the People’s Liberation Army, the weapons industry, fossil fuels, and Chinese human rights abuses. Others have scrutinized BlackRock for its efforts to reduce its investments in companies that have been accused of contributing to climate change and gun violence and its promotion of gender diversity; the U.S. states of West Virginia, Florida, and Louisiana have divested money away from or refuse to do business with the firm because of its ESG policies. The company has also faced criticism for its close ties with the Federal Reserve during the COVID-19 pandemic also.
Invested in companies as per share ratio:
