New Delhi, July 15 -- BlackRock, the world's largest asset manager, announced a significant surge in its assets under management (AUM), reaching a new high of $12.53 trillion in the second quarter of 2025.

This AUM growth, up from $10.65 trillion last year, is primarily driven by a global market rally, fuelled by the prospect of trade deals and interest-rate cuts from the US Federal Reserve, brushing aside earlier tariff-related jitters.

The shares of the company rose 1.1 per cent in premarket trading after the announcement, reported Bloomberg.

The second quarter witnessed a sharp reversal from early April's market turbulence, led by the US trade and geopolitical policy concerns that battered confidence and fuelled recession fears.

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