A double-digit increase in revenues and record inflows into exchange traded funds helped BlackRock nudge its assets under management at the end of 2021 to an all-time high of just over $10tn.

Revenues of $5.1bn generated during the final three months of last year helped the US asset manager post a 20% increase over the full year to $19.4bn, including record performance fees and revenue of $1.3bn generated by its technology services division, which includes its influential Aladdin platform.