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In case you are mistaken, nope - Warren Buffett’s Berkshire Hathaway is NOT the world’s biggest asset manager…

It is BlackRock - now with a new record $11.5 trillion under management.

It’s exchange-traded and mutual funds saw a record $221 billion of inflows in the 3Q across multiple products, active, index and regions.

Check out the % breakdown of the funds vested in Blackock (Temasek is one of them!) in the infographic here.

Of course, we also can’t neglect our legendary investor - Warren Buffett as well as his portfolio pick which is our Stock Idea of the Week…

Here are the news that shocked the world…

Cap on AI chips?: The U.S. government is considering capping exports of advanced AI chips from Nvidia and AMD to countries on ‘national security’ reasons [Read More]

Boeing: Boeing is trying to raise US$25 billion in funds to shore up its balance sheet as the strike continues. [Read More]

United Airlines: United Airlines share price reached its pre-pandemic high as financial performance was stronger than expected. [Read More]

Netflix: Revenue rose by 15% to US$9.8 billion in the latest quarter, while projecting US$43 billion to US$45 billion in revenue for 2025 [Read More]

GM x Lithium America: General Motors and Lithium America is working together on a lithium mining project in Canada [Read More]

Wells Fargo: Well Fargo financial results for 3Q 2024 beat expectations as its share price rose by 4% [Read More]

Goldman Sachs: Goldman Sachs financial results beat expectations as bond sales drove the better performance [Read More]

Here are the news covering the Asia market…

Pony AI IPO: Chinese robotaxi company is filing for an IPO in the U.S. after revenue doubled in the first half of 2024 [Read More]

TSMC: TSMC’s profits rose by 54% in 3Q 2024 as demand for AI-related chips soared [Read More]

Parkway Life REIT: Parkway Life REIT has reported slightly weaker financial performance for 3Q 2024 [Read More]

FLCT: Frasers Logistics & Commercial Trust has announced that it will acquire a prime logistics property for SG$140 million in 2 Tuas South Link [Read More]

UOL and Singapore Land: UOL Group and Singapore Land has announced that it will acquire a 50% stake in 388 George Street for SG$404.5 million [Read More]

See below for our handpicked analyst reports:

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“Do I hear boss music?”

Blackrock is the world’s biggest asset manager with US$10.5 trillion assets under management. It basically owns most of the world’s companies.

You know what’s surprising? Vanguard, the closest competitor, owns 8.9% of Blackrock. And, Blackrock in turn owns 7.0% of Vanguard.

If anything, this looks like a family-owned industry like the Chaebols in South Korea.

Meanwhile, Temasek, Singapore’s sovereign wealth fund, owns 3.5%. It puts them at a great position to look at the biggest deals happening in the world.

If you’re looking for a stock with a strong history, impressive growth potential, and the backing of one of the greatest investors of all time (Warren Buffett), this one might just check all the boxes.

But what makes this stock so appealing to Buffett, and why should you consider adding it to your portfolio? Let’s dive in.

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