For more than thirty years, BlackRock has safeguarded financial stability by investing the savings of individuals and institutions across key global markets.
In 2022, the firm aims to deliver smoother portfolio transitions, stronger analysis, and advisory tools with a focus on sustainable investments totaling up to $500 billion worldwide. Diego Mora, BlackRock’s country head for Colombia, highlighted the innovations of the second debt fund for infrastructure projects that are set to boost local economic renewal.
What level of capital was allocated in 2021, and what trends were observed?
First, a quick reminder of BlackRock’s role. It is a global asset manager helping millions of people grow their savings to reach their investment goals.
On the other hand, BlackRock brings the world of investing closer to everyone, promoting sustainable investments, managing capital in companies, and backing projects that spur economic growth and job creation.
Last year marked a record for the firm, with growth of 11% even as assets under management reached an all-time high of $10 trillion. That is the money investors entrust to BlackRock, which begins with escrow to safeguard those funds.
How is the capital under management distributed?
About $6.5 trillion is held in ETF assets. In addition, roughly $2.5 trillion is managed actively; about $750 billion is held in cash management tools; and nearly $330 billion is invested through BlackRock’s alternative platform and private equity funds.
What progress has been made toward a zero net carbon emission future, and what trends are emerging?
Over the last five years, sustainable investments have grown by 18%, compared with a 4% expansion across the broader industry. Regarding the energy transition, BlackRock notes that it is an ongoing process affecting both markets and the real economy.
Technological tools are used to assess climate risk within portfolios for clients who wish to navigate this transition, and mutual funds are available for those who want to contribute to it.
How much money is managed in sustainable investments?
Approximately $500 billion in sustainable assets continues to grow and outpace other segments on the platform.
CONTRAST
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John Paul CordobaHead of BVC
It is encouraging to see Colombia’s global market access strengthened so more investors can use tools that are widely adopted around the world.
BlackRock, Fiduciaria Bancolombia, and seven institutional investors confirmed the closure of the infrastructure debt fund. What balance does this project achieve?
Investing in infrastructure remains a point of pride as it supports the country’s economic growth, with returns benefiting millions of citizens.
The first fund, launched in 2017 with $825 million, included four projects: Al Mar 1 in Antioquia; Alma 190 km in Cundinamarca and Tolima; and Transversal del Sisga and Ruta del Cacao in Santander.
That fund gathered commitments from investors to lend resources to projects building highways and creating thousands of jobs.
By 2022, the second fund reached $2.5 trillion in investment commitments, marking the largest private fund ever launched in the country. Infrastructure initiatives, notably fourth and fifth generation highways, will be financed.
Russia’s actions in Ukraine prompted a reevaluation of certain holdings. How did this affect operations?
BlackRock rejected Russia’s aggression and its impact on lives. The conflict, combined with inflation pressures from the pandemic, has altered the market cycle, yet optimism remains as economies continue to recover, and investors are advised to stay the course.
How volatile are Public Procurement Offers on the Colombian Stock Exchange (BVC)?
Public offers of acquisition have sparked significant movements in stocks and the broader market. Analysts noted that BVC shares traded at a discount relative to global peers, and such offers have introduced notable market dynamism.
Note: information reflects market activity and corporate disclosures up to 2022.