BlackRockin kolmannen neljänneksen laimennettu osakekohtainen tulos 5,00 dollaria
Varojen nettovirtaus BlackRockiin oli kolmannella neljänneksellä 50 miljoonaa dollaria. Varoja virtasi kaikkiin sijoitustyyleihin kaikista asiakastyypeistä. Edellisvuoden vastaavaan kolmannekseen verrattuna liikevaihto ja liikevoitto kasvoivat markkinoiden heikkoudesta huolimatta.
Koko tulostiedote lukuineen liitteenä, alla olennaisimmat luvut ja pääjohtaja Larry Finkin kommentit.
BlackRock Reports Third Quarter 2015 Diluted EPS of $5.00 on a GAAP and As Adjusted Basis
• $50.0 billion of total net inflows for the third quarter of 2015, including $35.0 billion of long-term net inflows
Positive flows across investment styles and client types demonstrate diversification of platform
Increased revenue and operating income and stable operating margin relative to the third quarter of 2014, despite negative market performance
Diluted EPS decreased 7% (4% as adjusted) from the third quarter of 2014, reflecting a lower effective tax rate in last year’s third quarter
Consistent capital management with $275 million of quarterly share repurchases
New York, October 14, 2015 — BlackRock, Inc. (NYSE:BLK) today reported financial results for the three and nine months ended September 30, 2015.
“BlackRock’s third quarter 2015 results, including year-over-year growth in revenue and operating income, demonstrate the resilience of our global, diversified investment platform,” commented Laurence D. Fink, Chairman and CEO of BlackRock. “Clients seeking long-term investment solutions, strong risk management and durable alpha generation turned to BlackRock amidst challenging market conditions, driving total net inflows of $50 billion. Long-term net inflows of $35 billion reflected positive flows across investment styles and client types.
“Our global retail business raised $7 billion of net inflows, as BlackRock’s strategy to expand our distribution footprint and enhance performance enabled growth in the quarter. BlackRock saw US retail net inflows of $2 billion despite industry headwinds in the quarter, and maintained its leading market share of total year-to-date international cross-border flows.
“Investors continued to look to iShares as an effective way to express market views and enhance portfolio construction. iShares, with $23 billion of net inflows, once again captured the #1 market share of net new business globally, as well as in both the US and Europe. Fixed income iShares had $18 billion of net inflows as fixed income ETFs were increasingly used by clients as efficient tools for diversification and liquidity.
“Institutional clients are seeking uncorrelated returns in the current investment environment, and institutional net inflows of $5 billion included broad based alternatives flows across infrastructure, real estate, fund of fund and alternative solutions offerings. Fundraising momentum also continued, with an additional $1 billion of illiquid alternative commitments raised in the third quarter.
“BlackRock’s commitment to consistent alpha generation across our entire investment platform is anchored in a team- based investment approach, global connectivity via Aladdin and knowledge-sharing through the BlackRock Investment Institute. Scientific active equity and taxable fixed income demonstrated sustained long-term performance, with 97% and 90% of AUM above benchmark or peer median for the three-year period. Fundamental active equity performance continued to improve, with 80% of assets above benchmark or peer median for the one-year period.
“I want to thank BlackRock employees for their ongoing commitment to our clients and our shareholders. We are more confident than ever before that our unique and differentiated business model is positioned for continued growth in the current environment.”
Long-Term Business Highlights
Long-term net inflows of $25.5 billion and $17.0 billion in the Americas and EMEA, respectively, were partially offset by net outflows of $7.5 billion from clients in the Asia-Pacific region. At September 30, 2015, BlackRock managed 62% of its long- term AUM for investors in the Americas and 38% for clients in EMEA and Asia-Pacific.
A discussion of the Company’s net flows by client type for the third quarter of 2015 is presented below.
• Retail long-term net inflows of $6.6 billion included net inflows of $1.8 billion in the United States and $4.8 billion internationally. Net inflows were led by fixed income inflows of $4.6 billion, which included $2.4 billion of net inflows into unconstrained strategies. Equity inflows were paced by flows into international exposures, while alternatives net inflows were driven by flows into European hedge funds.
• iShares® long-term net inflows of $23.3 billion included fixed income net inflows of $18.2 billion, which reflected strong flows into U.S. Treasuries. Equity net inflows of $5.3 billion were driven by flows into European-listed iShares and reflected demand for developed market exposures.
• Institutional active long-term net inflows of $5.9 billion were led by fixed income net inflows of $4.1 billion, which were diversified across exposures. Alternatives net inflows of $1.6 billion were broad based, including fundings into infrastructure, real estate, fund of fund and alternative solutions offerings. In the third quarter of 2015, BlackRock raised an additional $1 billion in commitments, bringing total unfunded commitments to $11 billion.
• Institutional index long-term net outflows of $0.7 billion were due to equity net outflows of $1.8 billion, linked to clients’ asset allocation, re-balancing and cash needs.
Cash management AUM increased 5% in the third quarter to $285.7 billion.
Advisory AUM ended the third quarter at $12.2 billion.