Forecast Of The Day: BlackRock’s Actively Managed Fixed Income Assets
What?
BlackRock (NYSE:BLK) Actively Managed Fixed Income Assets rose from around $908 billion in 2019 to $966 billion in 2020. Trefis expects the metric to rise to around $1.05 trillion in 2021 and to about $1.12 trillion in 2022.
Why?
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We expect growth to be driven by the retirement of the Baby Boomer generation and potentially by the rising inflow of funds from emerging markets.
So What?
We think BLK stock is slightly undervalued at current levels. We value BLK at $974 per share, about 6% ahead of the current market price.
See Our Complete Analysis For BlackRock
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