BlackRock is the largest shareholder in both gunmakers and has more than $6 trillion in assets under management. It stopped short of saying it would divest its funds of gun companies, however.
LONDON: Lloyds Banking Group has awarded BlackRock a £30bil (US$40bil) slice of one of Europe’s biggest investment contracts to be invested using the US company’s various index strategies.
The award to the world’s biggest asset manager follows a high-profile bidding competition kick-started early this year after Lloyds said it was yanking £109bil in assets from current manager Standard Life Aberdeen.
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