Investment

Assets under management at BlackRock surged to a record $7.81 trillion in the third quarter, buoyed by a rising stock market and flows into all of its product lines. Retail clients added a net $19.6 billion to BlackRock funds in the period.

A closer look at how the ETF rule has reshaped -- and perhaps rescued -- the industry.

QQQM will provide identical exposure as QQQ at a lower fee, owning Amazon.com, Apple, Microsoft and other large-cap growth stocks.

Asset managers that had been longtime ETF holdouts -- including Wells Fargo, Federated Investors and Dimensional Fund Advisors -- are finally diving in.

So far this year, inflows to bond funds total $166 billion, compared with $154 billion in all of 2019.

Advisors and ESG: Not a Natural Fit

Demand for certain thematic ETFs soared in the third quarter, with assets growing 42% from three months earlier.