QuidMetrics

BlackRock assets hit $15.5 trillion on strong growth

The fund manager's assets under management have expanded by 15 percent to nearly $15.5 trillion.

BlackRock said its assets under management have grown 15 percent to nearly $15.5 trillion. The fund manager's scale now equals roughly half the size of the US economy.

The expansion reflects strong performance across BlackRock's business. The company manages investments for millions of clients worldwide through various funds and investment vehicles.