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BlackRock pushes into Europe's 'robo-advice' market

Asset manager takes a stake in digital investment manager Scalable Capital

BlackRock has led a 30 million euro funding round for Scalable Capital alongside its two existing German venture capital backers.


BLACKROCK, the world's biggest asset manager, made its first push into Europe's "robo-advice" market on Tuesday after taking a stake in Anglo-German digital investment manager Scalable Capital.

BlackRock, which manages US$5.4 trillion across a range of actively managed and...

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