IBlackRock, Inc. iyifemu ehamba phambili yokuphatha ukutshalwa kwezimali okuhweba esidlangalaleni nge-$10.01 trillion izimpahla ngaphansi kwabaphathi (“AUM”) ngo-December 31, 2021. Cishe nabangu-18,400 abasebenzi emazweni angaphezu kwama-30 asebenzela amakhasimende emazweni angaphezu kwe-100 emhlabeni jikelele, iBlackRock inikeza uhla olubanzi lokuphathwa kokutshalwa kwezimali kanye nezinsizakalo zobuchwepheshe ezikhungweni nasezikhungweni. tekutsengisa amaklayenti emhlabeni wonke.
Inkundla yeBlackRock ehlukahlukene yokufuna ama-alpha asebenzayo, inkomba kanye namasu okutshala izimali okuphatha imali kuzo zonke izigaba zempahla yenza iNkampani ikwazi ukuhlela imiphumela yokutshalwa kwezimali kanye nezixazululo zokwabiwa kwempahla kumakhasimende. Imikhiqizo enikezwayo ihlanganisa iphothifoliyo yempahla eyodwa neningi etshalwa kumasheya, imali engenayo engashintshi, ezinye izindlela kanye namathuluzi emakethe yemali. Imikhiqizo inikezwa
ngokuqondile nangokusebenzisa abaxhumanisi bezimoto ezihlukahlukene, okuhlanganisa izimali ezihlangene ezivulekile nezivaliwe, i-iShares® ne-BlackRock exchange-traded funds (“ETFs”), ama-akhawunti ahlukene, ama-collect trust funds nezinye izimoto zokutshala izimali ezihlanganisiwe.
Imininingwane mayelana nenkampani BlackRock Inc
IBlackRock iphinde inikeze ngezinsizakalo zobuchwepheshe, okuhlanganisa inkundla yobuchwepheshe bokutshalwa kwezimali kanye nokulawulwa kwezinhlekelele, i-Aladdin®, i-Aladdin Wealth, i-eFront, ne-Cachematrix, kanye nezinsizakalo zokweluleka nezisombululo zesisekelo esibanzi samakhasimende okuphatha ingcebo. Inkampani ilawulwa kakhulu futhi iphatha izimpahla zamakhasimende ayo njenge-fiduciary.
IBlackRock isebenzela inhlanganisela ehlukahlukene yamakhasimende ezikhungo nabathengisi emhlabeni wonke. Amaklayenti ahlanganisa izikhungo ezingakhokhi intela, njengezinzuzo ezichaziwe kanye nezinhlelo zempesheni zomnikelo ochaziwe, izinhlangano ezisiza abampofu, amafawundeshini nama-endowments; izikhungo ezisemthethweni, ezifana nesikhungo amabhange, izikhwama zemali yombuso, ama-supranational nezinye izinhlangano zikahulumeni; izikhungo ezikhokhiswa intela, okuhlanganisa izinkampani zomshwalense, izikhungo zezezimali, izinkampani kanye nabaxhasi bezikhwama zezinkampani zangaphandle, nabaxhumanisi bezitolo.
IBlackRock igcina ukuthengiswa okubalulekile komhlaba wonke nokuba khona kokumaketha okugxile ekusunguleni nasekugcineni ukuphathwa kokutshalwa kwezimali kwezitolo nezikhungo kanye nobudlelwano besevisi yobuchwepheshe ngokumaketha izinsizakalo zayo kubatshalizimali ngokuqondile nangobudlelwano bokusabalalisa bezinkampani zangaphandle, okuhlanganisa ochwepheshe bezezimali nabeluleki bempesheni.
IBlackRock iyinkampani ezimele, ehweba esidlangalaleni, engenabo umnikazi wamasheya omningi futhi ngaphezu kuka-85% weBhodi Labaqondisi bayo elakhiwe abaqondisi abazimele.
Abaphathi bafuna ukuletha inani labanikazi bamasheya ngokuhamba kwesikhathi ngokuthi, phakathi kwezinye izinto, basebenzise isikhundla esihlukene sokuncintisana seBlackRock, okuhlanganisa:
• Ukugxila kweNkampani ekusebenzeni okuqinile okuhlinzeka nge-alpha yemikhiqizo esebenzayo kanye nephutha elilinganiselwe noma elingekho lokulandelela lemikhiqizo yenkomba;
• Ukufinyeleleka kweNkampani emhlabeni wonke nokuzibophezela ekwenzeni okuhle emhlabeni jikelele, cishe u-50% wabasebenzi abangaphandle kwe-United States abasebenzela amakhasimende endaweni futhi basekela amakhono otshalomali endawo. Cishe u-40% wesamba se-AUM siphethwe kumakhasimende angaphandle kwase-United States;
• Ububanzi bamasu okutshalwa kwezimali kweNkampani, okuhlanganisa inkomba ye-market-cap weighted index, izici, ukusebenza okuhlelekile, okujwayelekile okuyisisekelo okusebenzayo, ukukholelwa okuphezulu kwe-alpha kanye neminye imikhiqizo enikezwayo engafanele, okuthuthukisa ikhono layo lokuhlanganisa izixazululo zokutshala izimali ze-wholeportfolio ukuze kubhekwane nezidingo ezithile zamaklayenti;
• Ubudlelwano obuhlukene bamakhasimende eNkampani kanye nokugxila kokwethembeka, okwenza kube nesimo esiphumelelayo ekushintsheni izidingo zamakhasimende kanye namathrendi amakhulu okuhlanganisa nokushintsha kwezwe ekutshalweni kwezimali okunenkomba nama-ETF, izabelo ezikhulayo ezimakethe ezizimele, isidingo samasu asebenzayo asebenza kahle, ukwanda kwesidingo sokutshalwa kwezimali okusimeme. amasu kanye nezixazululo zephothifoliyo ephelele kusetshenziswa inkomba, imikhiqizo esebenzayo kanye nengekho emthethweni; kanye nokugxila okuqhubekayo emholweni nasekuthatheni umhlalaphansi; futhi
• Ukuzibophezela kweNkampani kudala ekusunguleni izinto ezintsha, ezinsizakalweni zobuchwepheshe kanye nasekuthuthukisweni okuqhubekayo, kanye nokwanda kwentshisekelo, emikhiqizweni yobuchwepheshe beBlackRock nezisombululo, okuhlanganisa i-Aladdin, i-Aladdin Wealth, i-eFront, i-Aladdin Climate, kanye ne-Cachematrix. Lokhu kuzibophezela kunwetshwa ngokutshalwa kwezimali okuyidlanzana kubuchwepheshe bokusabalalisa, idatha kanye namandla ephothifoliyo ephelele ahlanganisa i-Envestnet, i-Scalable Capital, i-iCapital, i-Acorns, ne-Clarity AI.
IBlackRock isebenza endaweni yemakethe yomhlaba wonke ethintwa ukushintshashintsha kwezimakethe nokungaqiniseki kwezomnotho, izinto ezingaba nomthelela omkhulu emalini etholwayo kanye nembuyiselo yabanikazi bamasheya kunoma yisiphi isikhathi esithile.
Amandla eNkampani okukhulisa imali engenayo, imali etholwayo kanye nenani lamasheya ngokuhamba kwesikhathi abikezelwa ekhonweni layo lokukhiqiza ibhizinisi elisha, okuhlanganisa ibhizinisi lase-Aladdin neminye imikhiqizo namasevisi zobuchwepheshe. Imizamo yebhizinisi emisha incike ekhonweni leBlackRock lokufeza izinjongo zokutshala izimali zamakhasimende, ngendlela ehambisana nokukhetha kwabo ubungozi, ukuletha isevisi yamakhasimende enhle kakhulu kanye nokusungula izinto ezintsha kwezobuchwepheshe ukuze kusizwe izidingo zamakhasimende ezithuthukayo.
Yonke le mizamo idinga ukuzibophezela kanye neminikelo yabasebenzi beBlackRock. Ngokunjalo, ikhono lokuheha, ukuthuthukisa kanye nokugcina ochwepheshe abanekhono libalulekile empumelelweni yesikhathi eside yeNkampani
I-AUM imele uhla olubanzi lwezimpahla zezimali eziphethwe amakhasimende ngokukhetha ngokuvumelana nokuphathwa kokutshalwa kwezimali kanye nezivumelwano zokwethenjwa okulindeleke ukuthi ziqhubeke okungenani izinyanga eziyi-12. Ngokuvamile, i-AUM ebikiwe ibonisa indlela yokulinganisa ehambelana nesisekelo esisetshenziselwa ukunquma imali engenayo (isibonelo, inani lengqikithi yempahla). I-AUM ebikiwe ayibandakanyi izimpahla iBlackRock ehlinzeka ngazo ngokuphathwa kwengozi noma ezinye izinhlobo zeseluleko esingenangqondo, noma izimpahla Inkampani egcinelwe ukuzilawula okwesikhashana, isikhashana.
Izimali zokuphatha utshalomali zivame ukutholwa njengephesenti le-AUM. I-BlackRock iphinde izuze izinkokhelo zokusebenza kumaphothifoliyo athile ngokuhlobene nebhentshimakhi okuvunyelwene ngayo noma isithiyo sokubuyisela. Kweminye imikhiqizo, Inkampani ingase futhi izuze imali ebolekisayo yezibambiso. Ngaphezu kwalokho, iBlackRock inikeza uhlelo lwayo lokutshala izimali lwe-Aladdin lokuphathelene kanye nokulawulwa kwezinhlekelele, ukukhishwa kwemisebenzi, ukweluleka kanye nezinye izinsizakalo zobuchwepheshe, kubatshalizimali bezikhungo nabaxhumanisi bokuphatha ingcebo.
Imali engenayo yalezi zinsizakalo ingase isekelwe kumibandela embalwa ehlanganisa inani lezikhundla, inani labasebenzisi, ukuqaliswa kokusebenza kanye nokulethwa kwezixazululo zesofthiwe nokusekelwa.
NgoDisemba 31, 2021, isamba se-AUM sasingu-$10.01 trillion, simele i-CAGR engu-14% kule minyaka emihlanu edlule. Ukukhula kwe-AUM phakathi nalesi sikhathi kwafinyelelwa ngokuhlanganiswa kwenzuzo yokulinganisa imakethe, imali engenayo kanye nokutholwayo, okuhlanganisa i-First Reserve Transaction, engeze amaRandi ayizigidi eziyizinkulungwane ezingu-3.3 we-AUM ngo-2017, umthelela wensalela we-AUM ovela ku-TCP Transaction, i-Citibanamex Transaction, I-Aegon Transaction kanye ne-DSP Transaction, engeze amabhiliyoni angama-27.5 we-AUM ngo-2018, kanye ne-Aperio Transaction, engeze ama-dollar ayizigidi eziyizinkulungwane ezingama-41.3 we-AUM ngoFebhuwari 2021.
UHLOBO LWECLIENT
IBlackRock isebenzela inhlanganisela ehlukahlukene yamakhasimende ezikhungo nabathengisi emhlabeni wonke, ngemodeli yebhizinisi egxile esifundeni. IBlackRock isebenzisa izinzuzo zesikali kuzo zonke izinkundla zokutshala izimali zomhlaba wonke, ubungozi nobuchwepheshe kuyilapho ngesikhathi esifanayo isebenzisa ukuba khona kokusabalalisa kwendawo ukuletha izixazululo kumakhasimende. Ngaphezu kwalokho, isakhiwo sethu sisiza ukusebenzisana okuqinile emhlabeni wonke kuyo yonke imisebenzi kanye nezifunda ukuze sithuthukise ikhono lethu lokusebenzisa izindlela ezingcono kakhulu zokusebenzela amakhasimende ethu futhi siqhubeke nokuthuthukisa.
ithalente lethu.
Amaklayenti ahlanganisa izikhungo ezingakhokhi intela, njengenzuzo echaziwe kanye nezinhlelo zempesheni zomnikelo ochaziwe, izinhlangano ezisiza abampofu, amafawundeshini nama-endowments; izikhungo ezisemthethweni, njengamabhange amakhulu, izikhwama zengcebo ezimele, ama-supranationals nezinye izinhlangano zikahulumeni; izikhungo ezikhokhiswa intela, okuhlanganisa izinkampani zomshwalense, izikhungo zezezimali, izinkampani kanye nabaxhasi bezikhwama zezinkampani zangaphandle, nabaxhumanisi bezitolo.
Ama-ETF ayingxenye ekhulayo yakho kokubili amaphothifoliyo amaklayenti esikhungo kanye nabathengi. Kodwa-ke, njengoba ama-ETF edayiswa ngokuhwebelana, ukungafihli lutho kwekhasimende lokugcina akutholakali. Ngakho-ke, ama-ETF ethulwa njengohlobo lweklayenti oluhlukile ngezansi, ngokutshalwa kwezimali kuma-ETF yizikhungo namakhasimende adayisayo akhishiwe kuzibalo nezingxoxo ezigabeni zawo.
tekutsengisa
IBlackRock isebenzela abatshalizimali abadayiswayo emhlabeni jikelele ngezimoto eziningi kulo lonke uhlobo lokutshalwa kwezimali, okuhlanganisa ama-akhawunti ahlukene, izikhwama ezivulekile nezivaliwe, ama-unit trust kanye nezimali zokutshala ezizimele. Abatshalizimali bezitolo bahlinzekwa ngokuyinhloko ngabaxhumanisi, okuhlanganisa abathengisi bama-broker, amabhange, izinkampani zama-trust, izinkampani zomshwalense kanye nabeluleki bezezimali abazimele.
Izixazululo zobuchwepheshe, amathuluzi okusabalalisa idijithali kanye nokushintshela ekwakhiweni kwephothifoliyo kwandisa inani labeluleki bezezimali kanye nabatshalizimali abadayiswayo ekugcineni abasebenzisa imikhiqizo yeBlackRock.
Ukuthengisa kumelele u-11% we-AUM yesikhathi eside ngo-December 31, 2021 kanye no-34% wezinkokhelo zesikhathi eside zokwelulekwa nokutshalwa kwezimali (sezizonke “izinkokhelo eziyisisekelo”) kanye nemali engenayo ebolekisayo yezibambiso zika-2021. Ama-ETF anengxenye ebalulekile yokuthengisa kodwa aboniswa ngokwehlukana. ngezansi. Ngaphandle kwama-ETF, i-AUM yokudayisa iqukethe ikakhulukazi ama-mutual funds asebenzayo. Izimali ezihlanganyelwe zifinyelele ku-$841.4 wezigidigidi, noma u-81%, wezitolo zesikhathi eside ze-AUM ekupheleni konyaka, kanti ingxenye esele itshalwe ezikhwameni zokutshalwa kwezimali ezizimele kanye nama-akhawunti aphethwe ngokwehlukana. U-82% we-AUM yokudayisa yesikhathi eside utshalwe emikhiqizweni esebenzayo.
ETFs
IBlackRock ingumhlinzeki we-ETF ohamba phambili emhlabeni ngo-$3.3 trillion we-AUM ngo-December 31, 2021, futhi ikhiqize ukungena kwensalela yerekhodi engu-$305.5 webhiliyoni ngo-2021. Iningi le-ETF AUM kanye nesamba semali engenayo imelela inkomba yeNkampani yokulandelela inkomba ye-iShares-branded ETFs. Inkampani iphinde inikeze inombolo ekhethiwe yama-ETF anophawu lweBlackRock afuna ukusebenza okungaphezu kokusebenza kanye/noma imiphumela ehlukanisiwe.
Isamba semali engenayo ye-Equity ETF yezigidigidi ezingama-$222.9 siqhutshwa ukungena kuma-ETF abalulekile nasimeme, kanye nokuqhubeka nokusetshenziswa kwamakhasimende kwama-ETF okuchayeka okunemba okusekelwe okunemba okusekelwe e-BlackRock ukuveza umuzwa wokuba sengozini phakathi nonyaka. Imali engenayo engaguquki ye-ETF engenile yezigidigidi ezingama-$78.9 iye yahlukahluka kukho konke ukuchayeka, okuholwa ukugeleza kwezimali zebhondi ezivikelwe, eziwumgogodla nezikamasipala. Ama-ETF ezimpahla eziningi namanye anikele ngenani elihlanganisiwe lamabhiliyoni angu-3.8 wemali engenayo, ngokuyinhloko esabelweni esiyingqikithi nesikhwama sempahla.
Ama-ETF amele u-35% we-AUM yesikhathi eside ngo-December 31, 2021 kanye no-41% wezindleko eziyisisekelo zesikhathi eside kanye nenzuzo ebolekisayo yezibambiso yango-2021.
Isizinda samakhasimende ezitolo sihlukene ngokwendawo, kanti u-67% we-AUM wesikhathi eside uphethwe abatshalizimali abazinze emazweni aseMelika, u-28% e-EMEA kanye no-5% e-Asia-Pacific ekupheleni konyaka ka-2021.
• Imali engena e-US yesikhathi eside yokuthengisa yezigidigidi ezingama-59.7 ibiholwa ukulingana kanye nensalela yenzuzo engaguquki engu-$24.1 webhiliyoni kanye namabhiliyoni angama-20.6, ngokulandelana. Ukungena kwensalela ye-Equity kuye kwaholwa ukugeleza kokukhula kwe-US, ubuchwepheshe kanye nama-franchise amasheya omhlaba. Imali engenayo engaguquki yenzuzo engenile iye yahlukahluka kukho konke ukuchayeka kanye nemikhiqizo, nokugeleza okuqinile kweminikelo yebhondi engaphoqelekile, kamasipala kanye nesamba sembuyiselo.
Isamba semali esingenayo semali eyizigidi eziyizinkulungwane ezingu-9.1 zamaRandi siqhutshwa ukungena kuBlackRock Alternative Capital Strategies kanye nezimali zeGlobal Event Driven. Imali engena ngempahla eningi yezigidigidi ezingu-5.9 zamarandi ihlanganise ukuvalwa okuyimpumelelo kwe-BlackRock ESG Capital Allocation Trust engu-$2.1 billion.
Ngekota yokuqala ka-2021, iBlackRock yavala ukutholwa kwe-Aperio, iphayona ekwenzeni ngendlela oyifisayo ama-akhawunti e-index equity equity ehlukene (“SMA”), ukuze ithuthukise inkundla yayo yengcebo futhi inikeze izisombululo zephothifoliyo ephelele kubaluleki ababiza imali ephezulu kakhulu. . Inhlanganisela ye-Aperio ne-BlackRock's SMA franchise ekhona kakade ikhulisa ububanzi bamakhono okwenza kube ngokwakho atholakala kubaphathi bengcebo abavela kuBlackRock ngokusebenzisa amasu alawulwa intela kuzo zonke izici, inkomba yemakethe ebanzi, kanye nokuncanyelwayo komtshalizimali Kwezemvelo, Ezomphakathi, Nokubusa (“ESG”) kuyo yonke impahla. amakilasi.
Ngekota yesithathu ka-2021, iBlackRock yenza utshalomali oluncane ku-SpiderRock Advisors, umphathi wempahla onikwe amandla ezobuchwepheshe ogxile ekuhlinzekeni ngamasu okumbondela aphethwe ngobungcweti. Inkampani ilindele ukuthi lolu tshalomali lwengeze amandla omkhiqizo ongeziwe ku-Aperio futhi isekele ukunwetshwa kwebhizinisi layo lomuntu siqu le-SMA.
• Inzuzo yamazwe ngamazwe yokungena kwempahla yesikhathi eside yezigidigidi ezingama-$42.4 iholwa yinsalela yensalela engu-$18.0 wezigidigidi, okubonisa ukungena okunamandla ku-index equity mutual funds, kanye nemithombo yethu yemvelo nobuchwepheshe obusebenzayo bokulingana. Ukwengeza, ukungena kwensalela ye-equity kubonise u-$1.4 webhiliyoni eqoqwe kusukela kwethulwa i-Fund Management Company (“FMC”) ephethwe ngokuphelele yi-BlackRock) kanye ne-Wealth Management Company (“WMC”) e-China.
Imali engenayo engaguquki yenzuzo engenile engu-$14.3 wezigidigidi iqhutshwe ukugeleza kwezimali ezihlanganyelwayo zenkomba ezilinganiselwe kanye namasu ebhondi yase-Asia. Ukungena kwensalela yempahla eningi yezigidigidi ezingu-6.6 zamarandi kwaholwa ukungena ku-ESG namasu okwabiwa komhlaba. Isamba semali esingenayo semali eyizigidi eziyizinkulungwane ezingu-3.5 sibonise isidingo sesikhwama se-BlackRock's Global Event Driven.
I-AUM esebenzayo yesikhungo yaphela ngo-2021 ku-$1.8 trillion, okubonisa u-$169.1 billion wesamba semali engenayo, eqhutshwa amandla asekelwe kuzo zonke izigaba zomkhiqizo, uxhaso lwezikhulu ezimbalwa ezibalulekile zokutshala izimali ezivela ngaphandle (“OCIO”) kanye nokukhula okuqhubekayo osukwini lwethu oluhlosiwe lwe-LifePath®. i-franchise.
Okunye ukungena kwensalela kwezigidigidi ezingu-15.8 zamaRandi kuholwa yimali engenayo yezikweletu zangasese, ingqalasizinda, izindlu nomhlaba kanye nezabelo zangasese. Ngaphandle kokubuyiswa kwezimali kanye nokutshalwa kwezimali kwezigidigidi ezingu-8.3 zamaRandi, ezinye izindlela ezingenayo zizonke zibe ngamaRandi ayizigidi eziyizinkulungwane ezingu-24.1. Ngaphezu kwalokho, u-2021 bekungomunye unyaka oqinile wokuqongelela imali kwezinye izindlela ezingekho emthethweni.
Ngo-2021, iBlackRock yakhulisa irekhodi lama-dollar ayizigidi eziyizinkulungwane ezingama-42 wemali yekhasimende, ehlanganisa kokubili imali engenayo nesamba semali ekhokhiwe nokuzibophezela okungezona izindleko eziphakanyisiwe. Ekupheleni konyaka, iBlackRock yayinemali elinganiselwa ku-$36 bhiliyoni yemali ezibophezelekile engenzi-mali ukuze isetshenziswe kumakhasimende esikhungo, engafakiwe ku-AUM. Isikhungo esisebenzayo simele u-19% we-AUM yesikhathi eside kanye no-18% wezinkokhelo eziyisisekelo zesikhathi eside kanye nenzuzo ebolekisayo yezibambiso yango-2021.
Inkomba yesikhungo i-AUM ifinyelele ku-$3.2 trillion ngoDisemba 31, 2021, okubonisa u-$117.8 wezigidigidi eziphumayo ezihlanganisa ukuhlengwa kwemali ephansi engu-$58 billion engxenyeni yesibili. Ukuphuma kwesamba semali engu-$169.3 billion kuphinde kwabonisa amakhasimende aphinde abhalansisa amaphothifoliyo ngemva kwezinzuzo ezibalulekile zemakethe yezabelomali, noma ukuguqula izimpahla ngobuhlakani ziye emalini engenayo nemali engashintshi. Imali engenayo engaguquki yemali engenayo eyizigidi eziyizinkulungwane ezingama-52.4 idalwe yisidingo sezixazululo zokutshala imali eziqhutshwa yisikweletu.
Inkomba yesikhungo imele u-35% we-AUM yesikhathi eside kanye no-7% wezinkokhelo eziyisisekelo zesikhathi eside kanye nenzuzo ebolekisayo yezibambiso ngo-2021.
Amakhasimende esikhungo seNkampani ahlanganisa lokhu okulandelayo:
• Impesheni, Izisekelo kanye Nemali Enikezwayo. IBlackRock iphakathi kwabaphathi abakhulu emhlabeni bezimpahla zohlelo lwempesheni abanezigidigidi ezingama-3.2 zamarandi, noma u-65%, we-AUM yesikhathi eside yesikhungo ephethwe ngenzuzo echaziwe, umnikelo ochaziwe nezinye izinhlelo zempesheni.
izinkampani, ohulumeni nezinyunyana ngo-December 31, 2021. Isimo semakethe siyaqhubeka nokuguquka sisuka enzuzweni echaziwe siye emalini echaziwe, futhi isiteshi sethu somnikelo esichaziwe simele u-$1.4 trillion wesamba sempesheni ye-AUM. IBlackRock isalokhu isesimweni esihle sokusizakala ngokuthuthuka okuqhubekayo kwemakethe yeminikelo echaziwe kanye nesidingo sokutshalwa kwezimali okusekelwe emiphumeleni.
U-$96.0 wezigidigidi owengeziwe, noma u-2%, we-AUM yesikhungo yesikhathi eside uphathwe abanye abatshalizimali abangakhokhi intela, okuhlanganisa izinhlangano ezisiza abantulayo, izisekelo kanye nezibonelelo.
• Izikhungo ezisemthethweni. IBlackRock iphathe u-$316.4 billion, noma u-7%, we-AUM yesikhungo yesikhathi eside yezikhungo ezisemthethweni, okuhlanganisa amabhange amakhulu, izikhwama zengcebo yamazwe ngamazwe, ama-supranationals, izinhlangano zamazwe ngamazwe kanye nezinkonzo zikahulumeni nama-ejensi ekupheleni konyaka ka-2021.
Lawa maklayenti ngokuvamile adinga iseluleko esikhethekile sokutshala izimali, ukusetshenziswa kwezilinganiso ezingokwezifiso kanye nokusekelwa kokuqeqeshwa.
• Izikhungo Zezezimali nezinye. UBlackRock ungumphathi ozimele ophezulu wezimpahla zezinkampani zomshwalense, ezibalelwa ku-$507.8 billion.
Izimpahla eziphethwe ezinye izikhungo ezikhokhiswa intela, okuhlanganisa izinhlangano, amabhange kanye nabaxhasi bezikhwama zezinkampani zangaphandle iNkampani ehlinzeka ngazo ngezinsizakalo zokweluleka, zenza isamba esingu-$797.3 billion, noma u-16%, we-AUM yesikhungo yesikhathi eside ekupheleni konyaka.
Ukunikezwa komkhiqizo wesikhathi eside kufaka phakathi amasu asebenzayo wokufuna i-alpha kanye nenkomba. Amasu ethu asebenzayo afuna i-alpha afuna ukuzuza imbuyiselo ekhangayo engaphezu kwebhentshimakhi yemakethe noma isithiyo sokusebenza kuyilapho sigcina iphrofayela efanelekile yengcuphe futhi siphakamisa ucwaningo oluyisisekelo namamodeli obuningi ukuze kuqhutshwe ukwakhiwa kwephothifoliyo. Ngokuphambene, amasu enkomba afuna ukulandelela eduze imbuyiselo yenkomba ehambisanayo, ngokuvamile ngokutshala izimali ezisekelweni ezifanayo kakhulu phakathi kwenkomba noma kusethi engaphansi yalezo zibambiso ezikhethiwe ukuze zilinganisele ingcuphe efanayo nokubuyisela iphrofayela yenkomba. Amasu enkomba
zihlanganisa kokubili imikhiqizo yethu yenkomba engeyona eye-ETF nama-ETF.
Nakuba amaklayenti amaningi esebenzisa kokubili amasu asebenzayo okufuna i-alpha nawenkomba, ukusetshenziswa kwala masu kungase kwehluke. Isibonelo, amaklayenti angase asebenzise imikhiqizo yenkomba ukuze athole ukuchayeka emakethe noma esigabeni sempahla noma angase asebenzise inhlanganisela yamasu enkomba ukuze aqondise imbuyiselo esebenzayo. Ukwengeza, izabelo zenkomba ezingezona eze-ETF zivame ukuba zinkulu kakhulu (amadola ayizigidigidi) futhi ngokuvamile zibonisa amanani emali ephansi. Ukugeleza okuphelele emikhiqizweni yenkomba yesikhungo ngokuvamile kunomthelela omncane emalini engenayo nasezinzuzweni ze-BlackRock.
I-Equity Year-end 2021 equity AUM ifinyelele ku-$5.3 trillion, okubonisa ukungena kwensalela yezigidigidi ezingu-101.7 zamaRandi. Isamba semali engenayo sihlanganise amabhiliyoni angama-222.9 namaRandi ayizigidi eziyizinkulungwane ezingama-48.8 kuma-ETF futhi asebenzayo, ngokulandelana, ancishiswa ngokwengxenye ukuphuma kwenkomba okungeyona ye-ETF yezigidigidi ezingama-170.0. Rekhoda ukungena kwensalela ye-equity esebenzayo kwaqhutshwa ukugeleza kokukhula kwe-US, ubuchwepheshe kanye nama-franchise ayisisekelo emhlabeni jikelele, kanye nokugelezela kumasu omthamo.
Amanani enkokhelo asebenzayo eBlackRock ayashintshashintsha ngenxa yezinguquko emiksini ye-AUM. Cishe uhhafu we-Equity AUM ye-BlackRock iboshelwe ezimakethe zamazwe ngamazwe, okuhlanganisa nezimakethe ezisafufusa, ezivame ukuba namazinga emali aphezulu kunamasu okulingana ase-US. Ngokufanelekile, ukuguquguquka kwezimakethe zamazwe ngamazwe zokulingana, okungenzeka kungahambi ngokuhambisana nezimakethe zase-US, kunomthelela omkhulu emalini engenayo yokulingana yakwaBlackRock kanye nezinga lenkokhelo elisebenzayo.
I-Equity imele u-58% we-AUM yesikhathi eside kanye no-54% wezinkokhelo eziyisisekelo zesikhathi eside kanye nemali engenayo ebolekwayo yezibambiso yango-2021. Imali engenayo engaguquki i-AUM iphele ngo-2021 ku-$2.8 trillion, okubonisa ukungena kwensalela yezigidigidi ezingama-$230.3. Isamba semali engenayo sihlanganise amabhiliyoni angama-94.0, amaRandi ayizigidi eziyizinkulungwane ezingama-78.9 kanye namabhiliyoni angama-$57.4 kokusebenza, ama-ETF kanye nenkomba engeyona eye-ETF, ngokulandelana. Ukurekhoda imali engenayo engaguquki esebenzayo yezigidigidi ezingama- $94.0 ibonise uxhaso lwesibopho esibalulekile semali engenayo engaguquki engxenyeni yesine, kanye nokugeleza okunamandla kokungavinjelwa, umasipala, isamba sembuyiselo kanye neminikelo yebhondi yase-Asia.
Imali engenayo engaguquki imele u-30% we-AUM yesikhathi eside kanye no-26% wezindleko eziyisisekelo zesikhathi eside kanye nemali engenayo ebolekiswayo yezibambiso ngo-2021.
Amafa amaningi
I-BlackRock iphethe izinhlobonhlobo zezimali ezibhalansile zezimpahla eziningi kanye nemiyalelo ebekiwe yesisekelo samakhasimende ahlukahlukene asebenzisa ubuchwepheshe bethu obubanzi bokutshalwa kwezimali kumasheya omhlaba, amabhondi, izimali kanye nempahla, kanye namandla ethu amakhulu okulawula ubungozi. Izixazululo zokutshalwa kwezimali zingase zihlanganise inhlanganisela yamaphothifoliyo esikhathi eside kuphela kanye nokunye ukutshalwa kwezimali kanye nezimbondela zokwabiwa kwempahla ngamasu.
Impahla eminingi imele u-9% we-AUM yesikhathi eside kanye no-10% wezinkokhelo eziyisisekelo zesikhathi eside kanye nenzuzo ebolekisayo yezibambiso ka-2021.
Ukungena kwensalela yezimpahla eziningi kubonise isidingo esiqhubekayo sesikhungo sezeluleko zethu ezisuselwe ezisombululweni ngesamba semali engenayo engu-$83.0 billion evela kumakhasimende esikhungo. Izinhlelo ezichaziwe zokunikela zamakhasimende esikhungo zahlala zingumshayeli omkhulu wokugeleza futhi zinikele amaRandi ayizigidi eziyizinkulungwane ezingama-53.5 ekungeneni kwensalela yempahla eningi yesikhungo ngo-2021, ikakhulukazi osukwini okuhloswe ngalo kanye nasekunikezelweni kwemikhiqizo engcuphe okuhlosiwe.
Amasu eNkampani wezimpahla eziningi ahlanganisa okulandelayo:
• Idethi eqondiwe kanye nemikhiqizo yengcuphe ehlosiwe ikhiqize ukungena kwensalela yezigidigidi ezingama-$30.5. Abatshalizimali bezikhungo bamele u-90% wedethi okuhlosiwe kanye nengcuphe ehlosiwe ye-AUM, nezinhlelo zomnikelo ezichaziwe ezimele u-84% we-AUM. Ukugeleza kwakuqhutshwa umnikelo ochaziwe
ukutshalwa kwezimali ekunikezelweni kwethu kwe-LifePath. Imikhiqizo ye-LifePath isebenzisa imodeli yembondela yokwabiwa kwempahla esebenzayo efuna ukulinganisa ubungozi kanye nembuyiselo endaweni yokutshala imali ngokusekelwe esikhathini esilindelekile somtshali-zimali sokuthatha umhlalaphansi. Ukutshalwa kwezimali okuyisisekelo
ngokuyinhloko ziyimikhiqizo yenkomba.
• Ukwabiwa kwempahla kanye nemikhiqizo elinganayo kwenze isamba semali engenayo engu-$37.2 billion. Lawa maqhinga ahlanganisa ukulingana, imali engenayo engaguquki nezinye izingxenye zabatshalizimali abafuna isixazululo esilungiselelwe ngokuhlobene nebhentshimakhi ethile futhi ngaphakathi kwesabelomali sobungozi. Ku
ezimweni ezithile, lawa masu afuna ukunciphisa ubungozi ngokuhlukahluka, amasu okuphuma kokunye nezinqumo zokwabiwa kwempahla ezihlakaniphile.
Imikhiqizo ye-Flagship ihlanganisa imindeni yethu ye-Global Allocation kanye ne-Multi-Asset Income fund.
• Izinsizakalo zokuphatha i-Fiduciary ziyiziqondiso eziyinkimbinkimbi lapho abaxhasi bohlelo lwempesheni noma izibonelelo kanye nezisekelo zigcina i-BlackRock ukuze ithwale umthwalo wemfanelo wezinye noma zonke izici zokuphathwa kokutshalwa kwezimali, ngokuvamile lapho uBlackRock esebenza njengesikhulu esiyinhloko sokutshalwa kwezimali. Lezi zinsizakalo ezenziwe ngokwezifiso zidinga ubudlelwano obuqinile nabasebenzi bokutshalwa kwezimali bamakhasimende kanye nama-trustee ukuze kulungiselelwe amasu okutshalwa kwezimali ukuze kuhlangatshezwane nesabelomali sengozi eqondene namakhasimende kanye nezinjongo zembuyiselo. Imali engenayo ye-Fiduciary yezigidigidi ezingama-$30.1 ibonise uxhaso lwemisebenzi eminingana ebalulekile ye-OCIO.
Ezinye izindlela
Ezinye izindlela zeBlackRock zigxile ekutholeni nasekulawuleni ukutshalwa kwezimali kwe-alpha ephezulu ngokuhambisana okuphansi nezimakethe zomphakathi kanye nokuthuthukisa indlela ephelele yokubhekana nezidingo zamaklayenti kwezinye izindlela zokutshala imali.
Imikhiqizo ehlukile yenkampani iwela ezigabeni ezintathu eziyinhloko - 1) ezinye izindlela ezingekho emthethweni, 2) ezinye izinto eziwuketshezi, kanye 3) nemali kanye nezimpahla. Izindlela ezihlukile ze-Illiquid zihlanganisa ukunikezwa kwezinye izixazululo, ukulingana kwangasese, amathuba kanye nekhredithi, izindlu nomhlaba kanye nengqalasizinda. Okunye okungenziwa wuketshezi kufaka phakathi iminikelo yezikhwama zothango oluqondile kanye nezixazululo ze-hedge fund (izimali zezimali).
Ngo-2021, ezinye izindlela eziwuketshezi nezingekho emthethweni zakhiqiza isamba semali engenayo engu-$27.4 billion, noma amaRandi ayizigidi eziyizinkulungwane ezingama-36.6 ngaphandle kokubuyiselwa kwemali eyimali/yokutshalwa kwezimali kwezigidigidi ezingama- $9.2. Abafake isandla kakhulu ekubuyiseni imali/yokutshalwa kwezimali kwakungamaqhinga angosomathuba kanye nezikweletu, izixazululo zokulingana kwangasese nengqalasizinda. Isamba semali engenayo sasiqhutshwa yi-direct hedge funds, ukulingana kwangasese, ingqalasizinda kanye namasu angosomathuba kanye nezikweletu.
Ekupheleni konyaka, i-BlackRock yayinezibophezelo ezingaba ngu-$36 wezigidigidi ezingakhokhi, ezingaxhaswanga, ezingatshaliwe, okulindeleke ukuthi zisetshenziswe eminyakeni ezayo; lezi zibopho azifakiwe ku-AUM noma ezigelezayo kuze kube yilapho sezikhokha imali. Imali kanye nempahla kubone imali eyizigidi eziyizinkulungwane ezingu-1.6 zamaRandi, ikakhulukazi kuma-ETF ezimpahla.
I-BlackRock ikholelwa ukuthi njengoba ezinye izindlela ziba yinto evamile futhi abatshalizimali bejwayela amasu abo okwabiwa kwempahla, abatshalizimali bazophinde bakhulise ukusebenzisa kwabo okunye ukutshalwa kwezimali ukuze kuhambisane nezimali eziyinhloko. I-franchise ehluke kakhulu yeBlackRock isesimweni esihle sokuqhubeka nokuhlangabezana nesidingo esikhulayo kubo bobabili abatshalizimali bezikhungo nabadayisi. Okunye zimele u-3% we-AUM yesikhathi eside kanye no-10% wezinkokhelo eziyisisekelo zesikhathi eside kanye nenzuzo yokubolekwa kwezibambiso
2021.
I-Illiquid Alternatives
Izindlela ezihlukile zeNkampani ezingasetshenziswa zibandakanya lokhu okulandelayo:
• I-Alternative Solutions imele amaphothifoliyo enziwe ngendlela oyifisayo wezinye izimali ezitshaliwe. Ngo-2021, amanye amaphothifoliyo ezixazululo ayeno-$6.0 wezigidigidi ku-AUM, kanye nesamba semali engenayo engu-$1.4 yamaRandi.
• I-Private Equity and Opportunistic ihlanganisa i-AUM yezigidigidi ezingu-$19.4 kuzisombululo zezezimali ezizimele, u-$19.3 webhiliyoni osomathuba neminikelo yezikweletu, kanye no-$3.5 wezigidigidi ku-Long Term Private Capital (“LTPC”). Isamba semali engenayo eyizigidi eziyizinkulungwane ezingu-9.1 zamaRandi ekuhwebeni kwangasese kanye namasu angosomathuba ahlanganisa amaRandi ayizigidi eziyizinkulungwane ezingu-6.3 zokungena kwensalela ekunikeleni ngentuba nekhredithi kanye namaRandi ayizigidi eziyizinkulungwane ezingu-2.8 wensalela engena ezixazululweni zezabelo zangasese.
• Izimpahla Zangempela, ezihlanganisa ingqalasizinda kanye nezakhiwo, zenze isamba esingu-$54.4 sebhiliyoni ku-AUM, okubonisa ukungena kwensalela yezigidigidi ezingu-5.7 zamaRandi, okuholwa ukukhushulwa kwemali yengqalasizinda nokusetshenziswa.
Izindlela Ezihlukile Zoketshezi
Isamba semali engenayo yemikhiqizo yezinye izinto eziwuketshezi yeNkampani engu-$11.3 billion ibonise ukungena kwesamba semali eyizigidi eziyizinkulungwane ezingu-10.0 namaRandi ayizigidi eziyizinkulungwane ezingu-1.3 kusukela kumasu e-direct hedge fund kanye nezixazululo ze-hedge fund, ngokulandelana. Amasu we-Direct hedge fund afaka phakathi iminikelo ehlukahlukene kanye namasu amaningi.
Ukwengeza, iNkampani ilawula u-$103.9 wezigidigidi zamasu esikweletu esiwuketshezi afakwe emalini engenayo engashintshi.
Imali Nezimpahla
Imali yeNkampani kanye nemikhiqizo yezimpahla ihlanganisa uhla lwemikhiqizo esebenzayo kanye nenkomba. Imikhiqizo yemali nempahla ibino-$1.6 wezigidigidi zemali engenayo, ngokuyinhloko iqhutshwa ama-ETF. Imikhiqizo yezimpahla ze-ETF imele u-$65.6 webhiliyoni we-AUM futhi ayizifanelekeli izinkokhelo zokusebenza.
Ukuphathwa Kwemali
Ukuphathwa kwemali i-AUM ifinyelele ku-$755.1 billion ngo-December 31, 2021, okubonisa irekhodi lama- $94.0 wezigidigidi zemali engenayo. Imikhiqizo yokuphatha imali ihlanganisa izimali zemakethe zemali ezikhokhiswa intela nezingakhokhi intela, izimali zokutshalwa kwezimali zesikhashana kanye nama-akhawunti ahlukene enziwe ngokwezifiso. Amaphothifoliyo afakwa ngamadola ase-US, amadola aseCanada, amadola ase-Australia, ama-Euro, ama-Swiss Francs, amadola aseNew Zealand noma amapondo aseBrithani. Ukukhula okuqinile ekuphathweni kwemali kukhombisa impumelelo yeBlackRock esikalini sokusiza amakhasimende kanye nokuletha izixazululo ezintsha zokusatshalaliswa kwedijithali kanye nokulawulwa kobungozi.
I-BlackRock okwamanje iyeka ngokuzithandela ingxenye yezimali zayo zokuphatha ezikhwameni ezithile zemakethe yemali ukuze iqinisekise ukuthi igcina ileveli encane yemali engenayo yotshalo-mali yansuku zonke. Ngo-2021, lokhu kuhoxiswa kwaholela ekwehlisweni kwezimali zokuphatha cishe eziyizigidi ezingama-$500, okwathintwa ngokwehliswa kwezindleko zokusabalalisa zeBlackRock nokusevisa ezikhokhelwa abaxhumanisi bezezimali. I-BlackRock inikeze ngokuyekelela kokusekelwa kwesivuno ngokuzithandela ezikhathini zangaphambili futhi ingase inyuse noma yehlise izinga lokuyekelela kosekelo lwesivuno ezikhathini ezizayo. Ukuze uthole ulwazi olwengeziwe bheka Inothi 2, Okubalulekile Accounting Izinqubomgomo, kumanothi ezitatimende zezimali ezihlanganisiwe ezifakwe Engxenyeni II, Into 8 yalokhu kugcwalisa.
