NEW YORK--(BUSINESS WIRE)--
“BlackRock supports the SEC’s efforts to improve the resiliency of U.S.
money market funds during times of stress and appreciates the
thoughtful, deliberate and consultative process the Agency has
undertaken to achieve this result. In light of these changes, we believe
that money market funds will continue to prove a valuable cash
investment strategy. BlackRock is well positioned to offer our clients
the full spectrum of stable NAV, floating NAV, Government, Prime and
Municipal cash management products. We look forward to engaging closely
with our clients over the coming months to discuss the wide array of
cash solutions available to successfully adapt to these new reforms.”
About BlackRock
BlackRock is a leader in investment management, risk management and
advisory services for institutional and retail clients worldwide. At
June 30, 2014, BlackRock’s AUM was $4.594 trillion. BlackRock helps
clients meet their goals and overcome challenges with a range of
products that include separate accounts, mutual funds, iShares®
(exchange-traded funds), and other pooled investment vehicles. BlackRock
also offers risk management, advisory and enterprise investment system
services to a broad base of institutional investors through BlackRock
Solutions®. Headquartered in New York City, as of June 30, 2014, the
firm had approximately 11,600 employees in more than 30 countries and a
major presence in key global markets, including North and South America,
Europe, Asia, Australia and the Middle East and Africa.
For additional information, please visit the Company’s website at http://www.blackrock.com|
Twitter: @blackrock_news
| Blog: http://www.blackrockblog.com|
LinkedIn: www.linkedin.com/company/blackrock
This communication is provided for informational purposes only and is
not intended to be relied upon as a forecast, research or investment
advice. The opinions expressed are as of July 23, 2014 and may change as
subsequent conditions vary. This material may contain “forward-looking”
information that is not purely historical in nature. There is no
guarantee that any forecasts made will come to pass. Reliance upon
information in this material is at the sole discretion of the reader.
BlackRock® is a registered trademark of BlackRock, Inc. All other
trademarks are the property of their respective owners. © 2014
BlackRock, Inc. All rights reserved.
Media:
BlackRock
Tara McDonnell, 212-810-5337
Tara.McDonnell@blackrock.com
Source: BlackRock