贝莱德打破纪录：股市飙升和比特币 ETF 推动增长

在股市飙升和比特币 ETF 推出的推动下，贝莱德取得了破纪录的成功，管理资产超过 10.5 万亿美元。然而，对加息和市场波动的担忧抑制了净流入，表明投资者持谨慎态度。尽管如此，贝莱德的比特币 ETF 仍然广受欢迎，资产规模达 187 亿美元。该公司对未来保持乐观，投资于技术、私人市场和可持续发展计划，同时强调解决退休危机和弥合气候变化辩论中分歧的重要性。

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

贝莱德打破纪录，乘着股市繁荣和比特币 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.

资产管理巨头贝莱德以创纪录的 10.5 万亿美元管理资产，打破了所有预期，证明了其财务实力。在股市飙升和突破性推出现货比特币 ETF 的推动下，贝莱德实现了前所未有的增长水平。

Financial Metrics Soar to New Heights

财务指标飙升至新高度

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.

该公司的财务业绩非常出色。贝莱德第一财季净利润猛增36%，达到惊人的15.7亿美元。收入也猛增11%，达到47亿美元，超过了彭博社华尔街金融分析师的预测。

Cautious Optimism Amidst Economic Headwinds

经济逆风中保持谨慎乐观

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.

尽管取得了这些令人瞩目的成就，贝莱德 570 亿美元的净流入仍低于分析师的预期。原因？投资者普遍保持谨慎态度，在利率升至 23 年来最高水平的情况下，他们在配置资金方面犹豫不决。贝莱德首席执行官拉里·芬克承认市场紧张，由于投资者担心重新投资股票和债券，大量现金闲置。

Private Equity Stagnates, Weighing on Inflows

私募股权投资停滞不前，资金流入承压

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.

芬克强调，主要养老基金不愿将资本配置给私募股权，理由是商业交易和首次公开募股的放缓导致了它们的回报。这种犹豫导致了净流入的不足。芬克认为，私募股权流动性的放松将引发资本大量涌入债券和其他投资渠道。

Bitcoin ETF Blazes a Trail

比特币 ETF 开辟了一条道路

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.

贝莱德（BlackRock）推出现货比特币 ETF，大胆进军加密货币领域。此次发行取得了非凡的成功，积累了惊人的 187 亿美元资产。该 ETF 对贝莱德 ETF 整体流入做出了巨大贡献，该季度流入额达到 670 亿美元。

Strategic Investments Drive Growth

战略投资推动增长

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.

除了比特币之外，贝莱德还积极投资私人市场和基础设施项目，以推进碳减排和数字化。该公司还准备完成对 Global Infrastructure Partners 的 125 亿美元收购，利用 30 亿美元的新债务为交易提供资金。

Technology and Retirement Services Bolster Growth

技术和退休服务促进增长

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.

贝莱德的技术收入猛增3700万美元，达到3.77亿美元。该公司的阿拉丁平台继续获得重大交易，推动其技术业务的增长。此外，贝莱德在吸引新客户参与其退休和技术服务方面取得了长足进步，为这些领域的进一步扩张铺平了道路。

Stock Market Rally Fuels Asset Surge

股市反弹推动资产激增

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.

贝莱德第一季度5000亿美元的资产增长很大一部分归功于股市的强劲表现。标准普尔 500 指数创下 2019 年以来最好的第一季度表现。投资者纷纷涌向债券基金，注入 420 亿美元，向股票注入 180 亿美元，长期资金流入总额达 760 亿美元。

Cautious Staffing Strategy, AI to Enhance Efficiency

审慎的用人策略，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.

首席财务官马丁·斯莫尔表示，贝莱德今年将保持稳定的员工队伍，与过去几年类似。芬克认为，人工智能将使公司能够以更小的团队增加产量。然而，股市反应冷淡，贝莱德股价在周五下午下跌 2%，继 2023 年大幅上涨 25% 后，今年迄今跌幅超过 5%。

Retirement Crisis: A Call for Action

退休危机：行动呼吁

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.

芬克对即将到来的退休危机发出了警报。在给首席执行官和投资者的年度信中，他强调美国迫切需要加强其退休储蓄计划和社会保障体系。贝莱德一半以上的管理资产与退休基金相关，凸显了解决这一问题的重要性。

Navigating Climate Change and Investment Responsibility

应对气候变化和投资责任

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.

芬克也是围绕气候变化和投资责任的激烈辩论的重要代言人。他曾与17个国家的领导人接触，倡导“能源实用主义”。芬克认为，向清洁能源转型必须与确保负担得起且可靠的能源解决方案保持平衡，以防止经济混乱和社会动荡。

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.

总而言之，贝莱德的财务业绩非常出色，凸显了其在资产管理行业的主导地位。该公司正在成功应对充满挑战的经济环境，利用比特币、私人市场和技术的机会。然而，它仍然关注退休危机以及平衡气候变化问题与经济现实的必要性。随着贝莱德不断创新和适应，它已做好准备在未来几年继续取得成功。