Barclays Global Investors' (BGI) assets under management increased 12% in the first six months of the year, with the firm's iShares business experiencing the fastest growth, its UK-based parent company Barclays reported today.
BGI's assets reached $1.68trn on June 30, up from $1.5trn six months earlier. The rise is a result of $108bn in net new assets, $50bn in exchange-rate changes and $25bn in market movements. iShares, its exchange traded funds arm, grew the fastest among the firm's three business segments. Assets managed under iShares were up 18.5% in the first half of the year at $385bn, up from $325bn at the end of 2008. iShares was also the only segment to experience growth in the one-year period. Assets were up 2.4% from $376bn on June 30, 2008. BGI's indexed assets were up 14% i...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
