This morning, folks with three asset management titans revealed significant assets-under-management jumps, thanks in part to rising markets.

Laurence D. "Larry" Fink BlackRock Chairman, CEO

Collectively, BlackRock, SSGA, and JPMAM saw their AUM increase by $2.658 trillion year-over-year to $18.373 trillion on March 31, 2024, according to the companies' just-released earnings reports for the first quarter of 2024. At least two of three fund firms' AUMs reached new levels.

The BlackRock, Inc. (BLK) team reported bringing in $57 billion in Q1 2024 inflows, and $236 billion for the trailing twelve months (TTM), boosting the world's largest manager's AUm to a record $10.4725 trillion on March 31. ETFs dominated BlackRock's net inflows, accounting for $67 billion of inflows in Q1 2024 and $231 billion in TTM inflows.

The State Street Corporation (STT) team reported suffering $9 billion in Q1 2024 outflows in investment management (AKA SSGA) while netting $142 billion in net TTM inflows, boosting AUM to a record $4.336 trillion on March 31. Here, too, ETFs dominated TTM inflows, accounting for $95 billion.

The JPMorgan Chase & Co. (JPM) team reported bringing in $30 billion in net Q1 2024 inflows in asset & wealth management (which includes JPMAM) and $272 billion in TTM inflows, boosting AUM to $3.564 trillion. 

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