1、Better portfolios.Better futures.2018 Annual ReportInvesting today.Unlocking tomorrow.Training for a marathon.Learningto play an instrument.And investing for the future.In order to succeed tomorrow,youhave to take action today and keep at it.Investing on behalf of clients isBlackRocks business.And b
2、ecause we have purposefully invested in developing our platform,our technology and our people for more than 30years,we have the capabilities to create better portfolios that help more and more people achieve better financial futures and,ultimately,experience financial well-being.1BlackRock Annual Re
3、port 2018US+$12 trillion+6%CAGR In the US,10,000 baby boomers will retire each day for the next decade.Global needs.Growth opportunities.Please refer to the Important notes section on page 25 for source.The increasing need for asset management around the world presents significant growth opportuniti
4、es for BlackRock.Over the next 4 years,global industry assets under management are expected to grow by$30 trillion to$125 trillion.People are living longer.In fact,the number of centenarians around the world is expected to more than double in the next decade.And while people are alsoworking longer,m
5、any have not saved enough for an additional decade or two of retirement.In order to support ourselves financially over our lifetimes,we need to invest early and consistently.In many emerging markets across Asia and Latin America,wealth creation and rising income levels are bringing billions of peopl
6、e into the middle class for the first time,fueling more demand for financial services than ever before.In the United States,the traditional pension system has largely disappeared,leaving moreindividuals with the responsibility of planning for andfunding their retirements ontheir own and with little