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Fund Times

BlackRock Is Now the 800-Pound Gorilla

Plus, Fidelity-iShares partnership a good deal for index investors, and more.

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Now that  BlackRock (BLK) has completed its acquisition of Barclays Global Investors, investors are now seeing just how big a player the firm will be in the asset-management industry--and could be in corporate boardrooms.

Even before the deal, BlackRock was sizeable. Now, with $3.35 trillion in assets under management at the end of 2009, it can claim the title as the world's largest money manager. About $1.9 trillion of that comes from BGI, which includes iShares, the largest ETF provider in the world. IShares commands more than 48% of the U.S. ETF industry market share with its 350-plus funds and more than $360 billion in assets. BlackRock also is one of the 10-largest traditional mutual fund managers in the United States with more than $100 billion in assets under management, up from about $77 billion at the beginning of 2009.

Ryan Leggio has a position in the following securities mentioned above: VIG. Find out about Morningstar’s editorial policies.