Brian Bedell's questions to BlackRock Inc (BLK) leadership • Q2 2025
Question
Brian Bedell of Deutsche Bank asked about the growth trajectory for iShares, focusing on the European market and the long-term potential for fixed income ETFs to substitute for individual bond holdings.
Answer
President Robert S. Capito noted industry-leading flows, with bond ETFs attracting $44 billion in Q2 and Europe seeing $29 billion in inflows. CEO Laurence D. Fink added that Europe is 5-6 years behind the U.S. in ETF adoption and is just beginning a major growth phase, driven by regulatory changes. He believes BlackRock's dominant European presence and innovation in areas like digital asset ETFs position it perfectly to capture this growth.