Is it me or you also didn't hear about BlackRock until a couple of years ago and not it's all over the place?
Explanation
The statement implies that BlackRock has only recently gained public attention. In reality, BlackRock, founded in 1988, has been a significant player in asset management for decades, particularly known for managing investments on behalf of institutional clients such as pension funds and endowments. However, their prominence has increased in recent years due to various economic factors, including the rise of index funds and exchange-traded funds (ETFs) and their substantial influence in corporate governance. Additionally, BlackRock's management of assets reaching approximately $8.5 trillion has also contributed to heightened awareness of their role in the financial markets and public discourse. Therefore, while the speaker's perception may reflect a growing familiarity among the public with BlackRock, especially following its mention in discussions about economic policies and corporate influence, it is not entirely accurate to assert that the company was obscure until recently. It has been well-known within financial circles and among investors but may have entered the broader public awareness mainly due to social conversations around its significant market impact.
Key Points
- BlackRock has been a major player in asset management since 1988.
- Increased awareness of BlackRock is linked to its vast asset management and impact on corporate governance.
- The company's prominence in public discussions has surged in recent years due to economic trends and social media.
