\n<\/p>\n
Wall Street is wagering that BlackRock continued to draw investors in during the second quarter, with assets under management expected to eclipse $12tn.<\/p>\n
The world\u2019s largest asset manager is in the midst of a mammoth shift engineered by chief executive Larry Fink, as he pushes the public markets giant into top rungs of the private investment industry. <\/p>\n
The $12bn takeover <\/a>of private credit specialist HPS Investment Partners earlier this month closed after the quarter ended, so most of the inflows in the three months to end of June are expected to come from BlackRock\u2019s iShares exchange traded fund business. <\/p>\n BlackRock is expected to report almost $87bn of inflows in the quarter, according to analysts surveyed by Visible Alpha. Combined with a rise in the stock market and currency swings, that is forecast to lift total assets under management to $12.2tn.<\/p>\n<\/div>\n\n
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