貝萊德打破紀錄：股市飆漲和比特幣 ETF 推動成長

在股市飆升和比特幣 ETF 推出的推動下，貝萊德取得了破紀錄的成功，管理資產超過 10.5 兆美元。然而，對升息和市場波動的擔憂抑制了淨流入，顯示投資者持謹慎態度。儘管如此，貝萊德的比特幣 ETF 仍然廣受歡迎，資產規模達 187 億美元。該公司對未來保持樂觀，投資於技術、私人市場和永續發展計劃，同時強調解決退休危機和彌合氣候變遷辯論中分歧的重要性。

BlackRock Smashes Records, Riding the Wave of a Booming Stock Market and a Bitcoin ETF Revolution

貝萊德打破紀錄，乘著股市繁榮和比特幣 ETF 革命的浪潮

In a testament to its financial prowess, BlackRock, the asset management behemoth, has shattered all expectations with a record-breaking $10.5 trillion in assets under management. Fueled by a soaring stock market and the groundbreaking launch of a spot Bitcoin ETF, BlackRock has achieved an unprecedented level of growth.

資產管理巨頭貝萊德以創紀錄的 10.5 兆美元管理資產，打破了所有預期，證明了其財務實力。在股市飆升和突破性推出現貨比特幣 ETF 的推動下，貝萊德實現了前所未有的成長水平。

Financial Metrics Soar to New Heights

財務指標飆升至新高度

The company's financial performance has been nothing short of stellar. BlackRock's net income has skyrocketed by an impressive 36% in the first fiscal quarter, reaching a staggering $1.57 billion. Revenue has also witnessed an 11% surge, hitting $4.7 billion, surpassing the predictions of Wall Street's financial analysts at Bloomberg.

該公司的財務表現非常出色。貝萊德第一財季淨利激增36%，達到驚人的15.7億美元。營收也暴增11%，達到47億美元，超過了彭博華爾街金融分析師的預測。

Cautious Optimism Amidst Economic Headwinds

經濟逆風中保持謹慎樂觀

Despite these remarkable achievements, BlackRock's net inflows of $57 billion fell short of analysts' expectations. The reason? A pervasive sense of caution among investors, who are hesitant to deploy capital amid elevated interest rates, the highest in 23 years. BlackRock's CEO, Larry Fink, acknowledges the nerves in the market, with vast sums of cash remaining idle due to investor apprehensions about jumping back into stocks and bonds.

儘管取得了這些令人矚目的成就，貝萊德 570 億美元的淨流入仍低於分析師的預期。原因？投資者普遍保持謹慎態度，在利率升至 23 年來最高水平的情況下，他們在配置資金方面猶豫不決。貝萊德執行長拉里·芬克承認市場緊張，由於投資者擔心重新投資股票和債券，大量現金閒置。

Private Equity Stagnates, Weighing on Inflows

私募股權投資停滯不前，資金流入承壓

Fink highlights the reluctance of major pension funds to allocate capital to private equity, citing a slowdown in business deals and IPOs that has curtailed their returns. This hesitation has contributed to the shortfall in net inflows. Fink believes that an easing of private equity liquidity would trigger a surge of capital into bonds and other investment avenues.

芬克強調，主要退休基金不願將資本配置給私募股權，理由是商業交易和首次公開募股的放緩導致了它們的回報。這種猶豫導致了淨流入的不足。芬克認為，私募股權流動性的放鬆將引發資本大量湧入債券和其他投資管道。

Bitcoin ETF Blazes a Trail

比特幣 ETF 開闢了一條路

BlackRock has made a bold move into the world of cryptocurrency with the launch of its spot Bitcoin ETF. The offering has met with extraordinary success, amassing a staggering $18.7 billion in assets. The ETF has contributed significantly to BlackRock's overall ETF inflows, which reached $67 billion during the quarter.

貝萊德（BlackRock）推出現貨比特幣 ETF，大膽進軍加密貨幣領域。此次發行取得了非凡的成功，累積了驚人的 187 億美元資產。該 ETF 對貝萊德 ETF 整體流入做出了巨大貢獻，該季度流入額達到 670 億美元。

Strategic Investments Drive Growth

策略投資推動成長

Beyond Bitcoin, BlackRock is actively investing in private markets and infrastructure projects that advance carbon reduction and digitalization. The company is also poised to complete a significant $12.5 billion acquisition of Global Infrastructure Partners, leveraging $3 billion in new debt to fund the deal.

除了比特幣之外，貝萊德還積極投資私人市場和基礎設施項目，以推動碳減排和數位化。該公司還準備完成對 Global Infrastructure Partners 的 125 億美元收購，利用 30 億美元的新債務為交易提供資金。

Technology and Retirement Services Bolster Growth

科技和退休服務促進成長

BlackRock's technology revenue has witnessed a surge of $37 million, reaching $377 million. The company's Aladdin platform continues to secure major deals, propelling the growth of its technology business. Additionally, BlackRock is making strides in attracting new clients to its retirement and tech services, paving the way for further expansion in these sectors.

貝萊德的技術收入猛增3,700萬美元，達到3.77億美元。該公司的阿拉丁平台繼續獲得重大交易，推動其技術業務的成長。此外，貝萊德在吸引新客戶參與其退休和技術服務方面取得了長足進步，為這些領域的進一步擴張鋪平了道路。

Stock Market Rally Fuels Asset Surge

股市反彈推動資產激增

A significant portion of BlackRock's $500 billion asset growth in the first quarter can be attributed to the blistering performance of the stock market. The S&P 500 delivered its best first-quarter performance since 2019. Investors flocked to bond funds, pouring in $42 billion, and $18 billion into stocks, resulting in total long-term inflows of $76 billion.

貝萊德第一季5000億美元的資產成長很大一部分歸功於股市的強勁表現。標準普爾 500 指數創下 2019 年以來最好的第一季表現。投資者紛紛湧向債券基金，注入 420 億美元，向股票注入 180 億美元，長期資金流入總額達 760 億美元。

Cautious Staffing Strategy, AI to Enhance Efficiency

審慎的用人策略，AI提升效率

CFO Martin Small indicates that BlackRock will maintain a steady workforce this year, similar to the past few years. Fink believes that artificial intelligence will allow the company to increase output with a smaller team. However, the stock market's reaction has been lukewarm, with BlackRock's shares declining 2% on a Friday afternoon and falling over 5% year-to-date after a stellar 25% gain in 2023.

財務長馬丁·斯莫爾表示，貝萊德今年將保持穩定的員工隊伍，與過去幾年類似。芬克認為，人工智慧將使公司能夠以更小的團隊增加產量。然而，股市反應冷淡，貝萊德股價在周五下午下跌 2%，繼 2023 年大幅上漲 25% 後，今年迄今跌幅超過 5%。

Retirement Crisis: A Call for Action

退休危機：行動呼籲

Fink has sounded the alarm about an impending retirement crisis. In his annual letter to CEOs and investors, he emphasizes the urgent need for the U.S. to bolster its retirement savings plans and social security system. Over half of BlackRock's managed assets are linked to retirement funds, underscoring the significance of addressing this issue.

芬克對即將到來的退休危機發出了警報。在給執行長和投資者的年度信件中，他強調美國迫切需要加強其退休儲蓄計畫和社會保障體系。貝萊德一半以上的管理資產與退休基金相關，凸顯了解決這個問題的重要性。

Navigating Climate Change and Investment Responsibility

應對氣候變遷和投資責任

Fink is also a prominent voice in the heated debate surrounding climate change and investment responsibilities. He has engaged with leaders in 17 countries, advocating for "energy pragmatism." Fink believes that transitioning to cleaner energy sources must be balanced with ensuring affordable and reliable energy solutions to prevent economic disruptions and social unrest.

芬克也是圍繞氣候變遷和投資責任的激烈辯論的重要代言人。他曾與17個國家的領導人接觸，倡導「能源實用主義」。芬克認為，向清潔能源轉型必須與確保負擔得起且可靠的能源解決方案保持平衡，以防止經濟混亂和社會動盪。

In conclusion, BlackRock's financial performance has been extraordinary, underlining its dominance in the asset management industry. The company is successfully navigating challenging economic conditions, capitalizing on opportunities in Bitcoin, private markets, and technology. However, it remains mindful of the retirement crisis and the need to balance climate change concerns with economic realities. As BlackRock continues to innovate and adapt, it is well-positioned for continued success in the years to come.

總而言之，貝萊德的財務表現非常出色，凸顯了其在資產管理產業的主導地位。該公司正在成功應對充滿挑戰的經濟環境，並利用比特幣、私人市場和技術的機會。然而，它仍然關注退休危機以及平衡氣候變遷問題與經濟現實的必要性。隨著貝萊德不斷創新和適應，它已做好準備在未來幾年繼續取得成功。