BlackRock Stock Drops 3.57% Amid Market Volatility, CEO's Recession Warning

On April 10, 2025, BlackRock's stock experienced a 3.57% drop in pre-market trading, reflecting investor concerns and market volatility.

BlackRock's recent financial reports indicate significant changes in its fund performance. The BlackRock Anrui 30-day holding period bond fund saw a dramatic reduction in its total share amount, from 43.15 billion shares to 1.80 billion shares, a decrease of 95.82%. Despite this, the fund managed to achieve a net profit of 17.35 million yuan, while also incurring management fees of 1.71 million yuan. The fund's investment strategy focused on high-grade, high-liquidity credit bonds, balancing investments in municipal and industrial bonds, and extending credit durations to enhance ticket income. However, market volatility and interest rate fluctuations impacted the fund's performance, leading to a net value growth rate that lagged behind the benchmark.

Additionally, the BlackRock China New Vision Mixed Fund reported a net profit for 2024, reversing previous losses. However, the fund's net asset value and share count decreased, and its performance trailed the benchmark. The fund's investment strategy involved adjusting its portfolio in response to market fluctuations, but the rapid market shifts posed challenges. The fund's management fees and custodial fees decreased, which helped alleviate some of the financial burden. Despite these efforts, the fund's performance remained below the benchmark, and investors are advised to monitor its long-term performance closely.

BlackRock's cautious stance on the U.S. stock market, as expressed by CEO Larry Fink, has also contributed to the recent volatility. Fink warned of a potential 20% drop in the stock market, citing concerns about a contracting economy and the possibility of a recession. This sentiment has likely influenced investor decisions, leading to the pre-market drop in BlackRock's stock price.