BlackRock Moves $3B into ETFs as Platform Hits $10B

- BlackRock transitions $3 billion from mutual funds to ETFs. - Firm strengthens active ETF offerings amid surging demand. BlackRock converted $3 billion from two mutual funds into exchange-traded funds (ETFs), bolstering its fast-expanding Global Allocation Selects platform. This strategic shift caters to growing client demand for active ETF options, particularly within model portfolios, and positions BlackRock more competitively in the active ETF market. On September 15, 2025, Reuters reported that BlackRock transitioned two mutual funds into new ETF products: the iShares Dynamic Equity Active ETF (BDYN) and the iShares Disciplined Volatility Equity Active ETF (BDVL). Both funds retain their current investment strategies and management teams, with Rick Rieder, BlackRock’s Chief Investment Officer of Global Fixed Income, continuing to lead the teams. This restructuring enhances the firm’s Global Allocation Selects platform, which has surged from under $1 billion in 2023 to $10 billion by 2025. This move highlights the growing popularity of active ETFs, especially among model portfolio users who favor dynamic and disciplined investment approaches. BlackRock used its internal resources to efficiently transition the mutual fund assets into ETF structures, reflecting broader shifts in investor preferences. In addition to reshaping its fund offerings, BlackRock also announced a £500 million investment in UK data centers. This is part of a £7 billion UK infrastructure plan for the upcoming year. Reuters highlighted the move as part of increased private sector activity coinciding with President Trump’s state visit.