Blackrock has also been investing large sums ($120B) in the residential real estate market. Much of this investment during a bubble. And now we have rising interest rates, falling real estate prices and inflation. I’d be divesting from Blackrock too...
I have no sympathy for Blackrock. They were part of the craze of buying up homes and renting them, possibly as part of the Great Reset (You vill own nuttingk undt you vill be heppy!).