BlackRock, the world's largest investment manager, is ASB's investment partner. As a fiduciary investor, the money BlackRock manages isn't its own, it belongs to its clients that trust it to invest their funds, which now totals over US$10 trillion dollars, as at 31 December 2021.
BlackRock takes this responsibility seriously. It acts as a fiduciary: investing in its customer's interests, rather than its own. As part of this responsibility, every January BlackRock's CEO, Larry Fink, writes to companies BlackRock is invested in and to leaders across the globe on behalf of its clients. He summarises his investors' concerns, explains what they expect from the business as an investor, and asks for a response from the world's business leaders.
So, what is the focus of the world's largest investor in 2022? And what will the impact be on you and your investments?
The BlackRock letter touched on many issues - here's our take on its main themes.