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This is correct. They are essentially a competitor of Vanguard. It's amazing how many people think they're some kind of hedge fund or prop shop making direction
by missedthecue 4y ago
This is correct. They are essentially a competitor of Vanguard. It's amazing how many people think they're some kind of hedge fund or prop shop making directional bets and gambles.
- akomtu 4y agoWhat's the relative scale of the two?
- s1artibartfast 4y agoComparable. If the front page of Google is correct, Blackrock had 10T and Vanguard 8T assets under management at the start of the year
- bradknowles 4y agoCheck out Euroclear.com. They exclusively handle all back end clearing and settlement on the Paris, Brussels, and Amsterdam Bourses, as well as the London Stock Exchange. They may now handle some other stock exchanges, too. They also handle the majority of backend clearing and settlement across Europe. As of the last time I checked (several years ago), they had over 27T Euros of assets under management. Their competitor in the US is Depositary Trust Corporation (DTC), and last I checked they had over one quadrillion dollars of assets under management.
- 2malaq 4y agoGenuine question; If they're competitors, why is Vanguard Blackrock's biggest shareholder?[0] Is this the norm? Or is there a link between the two? (I don't know anything about the stock market) [0] https://finance.yahoo.com/quote/BLK/holders?p=BLK https://finance.yahoo.com/quote/BLK/holders?p=BLK
- Bostonian 4y agoVanguard is probably biggest shareholder of many companies, because the index funds it runs are huge.
- vba616 4y agoThe second largest shareholder of Blackrock, appears to be Blackrock, notice? How do you think it is that Blackrock only owns 6.79% of Blackrock? When you figure that out, you will have achieved enlightenment and be able to answer your original question.