Growth and Transition Strategy Update
We expect the ETF industry to grow to $25T of AUM by 2030
Industry trends driving ETF adoption
Digital wealth: $17T market growing 15% as
ETFs become the preferred vehicle¹
Projected ETF industry AUM ($T)4
Fixed Income ETFs
Equity ETFs
$25T
6
Model portfolios: $4.2T market growing
16% with ETFs expanding share in wealth2
$15T
3
$10T
Fixed income: ETFs modernizing the bond
market with more clients seeking efficiency
19
2
$5T
12
8
Technology: ETFs unlocking access to an
expanding world of active & index investing
2018
1Q23
2025P
2030P
ETFs still a small % of global capital markets³
<1% fixed income
<3% equities
<2% fixed income
<7% equities
<3% fixed income
<9% equities
<5% fixed income
<10% equities
Note: For footnoted information, refer to slide 54.
BlackRock
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