Global equity markets rallied in the first quarter as expectations grew that the world's major central banks were done with monetary policy tightening and would pivot to rate cuts, resulting in a jump in AUM. The company's AUM jumped 15% in the first quarter from a year earlier, while investment advisory and administration fees, typically a percentage of AUM and BlackRock's chief source of revenue, climbed nearly 8.8% to $3.63 billion. Read The Rest at :
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