BlackRock pushes into Europe's 'robo-advice' market
Asset manager takes a stake in digital investment manager Scalable Capital
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
London
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 index-tracking funds, led a 30 million euro (S$46 million) funding round for Scalable alongside its two existing German venture capital backers, a joint statement said.
Share with us your feedback on BT's products and services
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts
