BlackRock Inc.’s iShares ETFs have surpassed US$5 trillion in global assets under management (AUM).
The world’s largest asset manager said it reached the milestone after iShares ETF global inflows received a record-breaking US$192 billion in inflows in the first half of 2025.
“Crossing US$5 trillion in iShares AUM is a defining moment for investors and for the industry,” said Stephen Cohen, chief product officer and global head of iShares at BlackRock, in a release.
“ETFs have become the technology of choice to access markets, build better portfolios, and manage risk with transparency and scale.”
BlackRock said its growth in global AUM is powered by what it calls a few “high-conviction areas.” This includes fixed-income ETFs, which accounted for more than US$1 trillion of iShares’ global AUM; digital asset exchange-traded products, with about US$100 billion in combined global AUM; and active ETFs, with more than US$78 billion across more than 100 ETFs globally.
In Canada, iShares remains the leading ETF provider through AUM. ETFs in the country accounted for about US$129 billion of the total global AUM, as of Sept. 2.
Cohen said BlackRock sees further innovation in the global ETF industry.
“We believe that indexing will continue to be the predominant growth driver for ETFs, but innovation is opening new frontiers — from more granular indices, to fixed income, active, and digital strategies — and we believe this is just the beginning,” he said.
“Today, ETFs represent just 6% of the global capital markets. We believe the ETF industry will nearly double, from US$15 trillion to US$27 trillion, in the next five years.”
Globally, iShares serves clients in more than 25 countries. With more than 1,600 ETFs in total, it has the broadest range of ETFs in the market.