Investing in Strategic Growth Drivers and Accelerators

IRH0621U/M-1675207-1/171 As barriers come down, millions of investors are adopting ETFs globally ETF flows from U.S. RIAs increased as commission barriers fell away, and our share remained strong ETF-based retirement savings plans are building an investing culture in Germany Number of Germans contributing to ETF saving plans²: Pre- commission-free¹ 60% 620K >3x 2M Post- commission-free¹ 2017 2020 Note: For footnoted information, refer to slides 30-31. BlackRock 25 5

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