<p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2023/01/93417551-m.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2023/01/93417551-m.jpg"/></p>
<p>Blackrock（BLK）和 Blackstone（BX）股票几十年来一直为投资者带来丰厚回报，成为各自行业的主要参与者。过去五年中，BX 的总回报率超过 242%，而 BLK 的回报率为 142%。同期标普 500 指数上涨超过 93%。</p>
<h2>行业主要参与者</h2>
<p>Blackrock 和 Blackstone 已成为行业主要参与者。多年来，Blackstone 已成为私募股权行业中最大的参与者，管理资产超过 1 万亿美元。其资产分布在房地产、信贷和保险、对冲基金解决方案以及私募股权等关键领域。</p>
<p>另一方面，Blackstone 是全球最大的资产管理公司，管理资产超过 10.6 万亿美元。其资产分布在股票、固定收益、多资产和替代投资等关键行业。</p>
<p>该公司还成为金融科技行业的关键参与者，在该领域提供一个名为 Aladdin 的平台，该平台被全球一些最大的资产管理公司和投资银行使用。</p>
<p>Aladdin 代表资产、负债、债务和衍生品投资网络，这些公司使用该平台帮助管理风险、构建投资组合和执行交易。Blackrock 还通过收购全球投资聚合公司 Prequin 扩大了其软件解决方案。</p>
<p>在很大程度上，Blackrock 通过在全球金融危机的高峰时期从巴克莱手中收购 iShares 而成为今天的巨头。如今，iShares 拥有超过 3 万亿美元的资产，并且增长迅速。例如，iShares 比特币交易所交易基金（IBIT）今年的资产超过 210 亿美元。</p>
<p>Blackrock 和 Blackstone 有着类似的背景。斯蒂芬·施瓦茨曼（Stephen Schwarzman）和皮特·彼得森（Pete Peterson）于 1985 年创立了 Blackstone，拉里·芬克（Larry Fink）是其中一名员工。拉里·芬克和一个小团队随后离开了 Blackstone，并于 1985 年创立了 Blackrock。</p>
<p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2024/08/chart-comparison-39.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2024/08/chart-comparison-39.png"/></p>
<h2>BX 和 BLK 有不同的策略</h2>
<p>Blackrock 和 Blackstone 有不同的策略，这解释了它们市值和营收数据的差异。尽管 Blackrock 拥有更多资产，但其市值超过 1330 亿美元，而 Blackstone 为 1730 亿美元。</p>
<p>2023 年，Blackstone 的年收入超过 76 亿美元，而 Blackrock 则超过 178.5 亿美元。两者的净利润分别超过 13.9 亿美元和 55 亿美元。</p>
<p>Blackrock 最近的业绩显示，其收入增长了 8%，达到 48 亿美元，净收入为 15 亿美元。Blackstone 的收入增至 28 亿美元，净收入超过 12 亿美元。</p>
<p>这两家公司有不同的做法。Blackrock 在其 ETF 业务上收取较低的费用，特别是在 iShares 核心标普 500ETF 上。该 ETF 拥有超过 5210 亿美元的资产，费用比率为 0.03%，意味着其年费用约为 1.62 亿美元。</p>
<p>另一方面，Blackstone 通过收取管理费（通常在 1% 至 2% 之间）和绩效费（通常约 20%）赚取利润。因此，在好时期，该公司往往赚取更多利润。</p>
<h2>选择 Blackrock 还是 Blackstone 更好？</h2>
<p>Blackstone 和 Blackrock 未来可能会取得强劲业绩，因为它们的资产持续增长。它们明显领先于竞争对手。例如，私募股权行业第二大参与者 Brookfield 的资产不到 9000 亿美元，而 Vanguard 的资产为 8.6 万亿美元。</p>
<p>因此，在未来几十年投资这两家公司可能会带来正面回报。从稳定性来看，我认为 Blackrock 是一个更好的投资选择，因为它似乎被低估了。</p>
<p>然而，基于历史表现，长期来看，Blackstone 股票可能会继续表现优于 Blackrock。</p>
<p>这篇文章最初发表在 Invezz 上，标题为 “Blackrock vs Blackstone：哪个股票更值得购买？”</p>

贝莱德

黑石集团

<p>比较贝莱德（BLK）和黑石集团（BX）发现，两家公司在各自行业中都是占主导地位的参与者，过去五年中，BX 的回报率为 242%，BLK 为 142%。贝莱德拥有巨大的市值和多样化的资产策略，而黑石集团在私募股权和较高的费用结构方面表现出色。它们展现出强劲的未来增长前景，但为了稳定性，建议选择贝莱德作为更好的投资，而根据历史趋势，黑石集团可能表现更好</p>

<p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2023/01/93417551-m.jpg" alt="" original-src="https://invezz.com/wp-content/uploads/2023/01/93417551-m.jpg"/></p>
<p>Blackrock (BLK) and Blackstone (BX) stocks have rewarded their investors well for decades as they continued becoming dominant players in their respective industries. BX’s total return in the last five years stood at over 242% while BLK’s return came in at 142%. The S&amp;P 500 index has risen by over 93% in the same period.</p>
<div class="lb-trans"><p>Blackrock（BLK）和 Blackstone（BX）股票几十年来一直为投资者带来丰厚回报，成为各自行业的主要参与者。过去五年中，BX 的总回报率超过 242%，而 BLK 的回报率为 142%。同期标普 500 指数上涨超过 93%。</p>
</div><h2>Dominant players in their industries</h2>
<div class="lb-trans"><h2>行业主要参与者</h2>
</div><p>Blackrock and Blackstone have become dominant players in the industry. Over the years, Blackstone has become the biggest player in the private equity industry with over $1 trillion in assets under management. Its assets are spread across key areas like real estate, credit and insurance, hedge fund solutions, and private equity,</p>
<div class="lb-trans"><p>Blackrock 和 Blackstone 已成为行业主要参与者。多年来，Blackstone 已成为私募股权行业中最大的参与者，管理资产超过 1 万亿美元。其资产分布在房地产、信贷和保险、对冲基金解决方案以及私募股权等关键领域。</p>
</div><p>Blackstone, on the other hand, is the biggest asset manager in the world with over $10.6 trillion in assets. Its assets are spread across key industries like equity, fixed income, multi-asset, and alternatives.</p>
<div class="lb-trans"><p>另一方面，Blackstone 是全球最大的资产管理公司，管理资产超过 10.6 万亿美元。其资产分布在股票、固定收益、多资产和替代投资等关键行业。</p>
</div><p>The company has also become a key player in the financial tech industry, where it provides a platform known as Aladdin, which is used by some of the biggest asset managers and investment banks globally.</p>
<div class="lb-trans"><p>该公司还成为金融科技行业的关键参与者，在该领域提供一个名为 Aladdin 的平台，该平台被全球一些最大的资产管理公司和投资银行使用。</p>
</div><p>Aladdin, which stands for Asset, Liability, Debt, and Derivative Investment Network, is used by these firms to help them manage risks, construct portfolios, and execute trades. Blackrock also expanded its software solutions by acquiring Prequin <strong>,</strong> a company that aggregates investments globally.</p>
<div class="lb-trans"><p>Aladdin 代表资产、负债、债务和衍生品投资网络，这些公司使用该平台帮助管理风险、构建投资组合和执行交易。Blackrock 还通过收购全球投资聚合公司 Prequin 扩大了其软件解决方案。</p>
</div><p>To a large extent, Blackrock became the giant it is today by acquiring iShares from Barclays at the height of the Global Financial Crisis. Today, iShares holds over $3 trillion in assets and is growing fast. For example, the iShares Bitcoin ETF (IBIT) has over $21 billion in assets this year.</p>
<div class="lb-trans"><p>在很大程度上，Blackrock 通过在全球金融危机的高峰时期从巴克莱手中收购 iShares 而成为今天的巨头。如今，iShares 拥有超过 3 万亿美元的资产，并且增长迅速。例如，iShares 比特币交易所交易基金（IBIT）今年的资产超过 210 亿美元。</p>
</div><p>Blackrock and Blackstone have a similar background. Stephen Schwarzman and Pete Peterson started Blackstone in 1985, with Larry Fink being an employee. Larry Fink and a small team then left Blackstone and started Blackrock in 1985.</p>
<div class="lb-trans"><p>Blackrock 和 Blackstone 有着类似的背景。斯蒂芬·施瓦茨曼（Stephen Schwarzman）和皮特·彼得森（Pete Peterson）于 1985 年创立了 Blackstone，拉里·芬克（Larry Fink）是其中一名员工。拉里·芬克和一个小团队随后离开了 Blackstone，并于 1985 年创立了 Blackrock。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2024/08/chart-comparison-39.png" alt="" original-src="https://invezz.com/wp-content/uploads/2024/08/chart-comparison-39.png"/></p>
<h2>BX and BLK have different strategies</h2>
<div class="lb-trans"><h2>BX 和 BLK 有不同的策略</h2>
</div><p>Blackrock and Blackstone have different strategies, which explains why they have different market caps and revenue figures. While Blackrock has more assets, it has a market cap of over $133 billion while Blackstone has $173 billion.</p>
<div class="lb-trans"><p>Blackrock 和 Blackstone 有不同的策略，这解释了它们市值和营收数据的差异。尽管 Blackrock 拥有更多资产，但其市值超过 1330 亿美元，而 Blackstone 为 1730 亿美元。</p>
</div><p>Blackstone generated over $7.6 billion in annual revenue in 2023 while Blackrock had over $17.85 billion. The two had net profits of over $1.39 billion and $5.5 billion, respectively.</p>
<div class="lb-trans"><p>2023 年，Blackstone 的年收入超过 76 亿美元，而 Blackrock 则超过 178.5 亿美元。两者的净利润分别超过 13.9 亿美元和 55 亿美元。</p>
</div><p>Blackrock’s recent results showed that its revenue rose by 8% to $4.80 billion while its net income was $1.5 billion. Blackstone’s revenue rose to over $2.8 billion while its net income was over $1.2 billion.</p>
<div class="lb-trans"><p>Blackrock 最近的业绩显示，其收入增长了 8%，达到 48 亿美元，净收入为 15 亿美元。Blackstone 的收入增至 28 亿美元，净收入超过 12 亿美元。</p>
</div><p>These companies have different approaches. Blackrock makes lower fees, especially on its ETF business. For example, the iShares Core S&amp;P 500 ETF, which has over $521 billion in assets, has an expense ratio of 0.03%, meaning that it makes about $162 million in annual fees.</p>
<div class="lb-trans"><p>这两家公司有不同的做法。Blackrock 在其 ETF 业务上收取较低的费用，特别是在 iShares 核心标普 500ETF 上。该 ETF 拥有超过 5210 亿美元的资产，费用比率为 0.03%，意味着其年费用约为 1.62 亿美元。</p>
</div><p>Blackstone, on the other hand, makes its money by charging an administrative fee, often between 1% to 2% and then a performance fee, often about 20%. Therefore, in good times, the company tends to make more money.</p>
<div class="lb-trans"><p>另一方面，Blackstone 通过收取管理费（通常在 1% 至 2% 之间）和绩效费（通常约 20%）赚取利润。因此，在好时期，该公司往往赚取更多利润。</p>
</div><h2>Better buy between Blackrock and Blackstone?</h2>
<div class="lb-trans"><h2>选择 Blackrock 还是 Blackstone 更好？</h2>
</div><p>Blackstone and Blackrock will likely generate strong results in the future as their assets continue growing. They are significantly ahead of their rivals. For example, Brookfield, the second-biggest player in the private equity industry, has under $900 billion in assets while Vanguard has $8.6 trillion in assets.</p>
<div class="lb-trans"><p>Blackstone 和 Blackrock 未来可能会取得强劲业绩，因为它们的资产持续增长。它们明显领先于竞争对手。例如，私募股权行业第二大参与者 Brookfield 的资产不到 9000 亿美元，而 Vanguard 的资产为 8.6 万亿美元。</p>
</div><p>Therefore, investing in the two companies will likely generate positive returns in the next decades. For stability, I think that Blackrock is a better investment because it seems quite undervalued.</p>
<div class="lb-trans"><p>因此，在未来几十年投资这两家公司可能会带来正面回报。从稳定性来看，我认为 Blackrock 是一个更好的投资选择，因为它似乎被低估了。</p>
</div><p>However, based on historical performance, Blackstone stock may continue doing better than Blackrock in the long term.</p>
<div class="lb-trans"><p>然而，基于历史表现，长期来看，Blackstone 股票可能会继续表现优于 Blackrock。</p>
</div><p>The post Blackrock vs Blackstone: which is a better stock to buy? appeared first on Invezz</p>
<div class="lb-trans"><p>这篇文章最初发表在 Invezz 上，标题为 “Blackrock vs Blackstone：哪个股票更值得购买？”</p>
</div>

贝莱德与黑石集团：哪个股票更值得买入？