(Reuters) BlackRock the world’s biggest asset manager, made its first push into Europe’s “robo-advice” market on Tuesday after taking a stake in Anglo-German digital investment manager Scalable Capital. BlackRock, which manages $5.4 trillion (4.24 trillion pounds) across a range of actively managed and index-tracking funds, led a 30 million euro (26.39 million pounds) funding round for Scalable alongside its two existing German venture capital backers, a joint statement said.
BlackRock Takes Scalable Capital Stake in Europe ‘Robo-Advisor’ Push
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