According to these firms, the company maintains a diverse platform by asset mix, product mix, distribution channel and geography. According to these firms, BlackRock’s strong international distribution network would enable it to achieve significant growth in future. With its iShares business, BlackRock is poised to benefit from investors’ passive investing strategy, going forward. They also believe that the company’s strong organic growth prospect and persistent margin improvement will help generate strong earnings. However, according to the firm, there remains concern over the competition in the exchange traded funds (ETFs) market. However, given the company’s dominant market share and the fact that the industry continues to enjoy outsized growth both in the U.S. and abroad, they believe competition will not become overly intense until product penetration becomes more saturated, which will at least take a few years to happen. Moreover, BlackRock is taking advantage of the multi-border channels and capitalizing on dynamic investment ideas, rather than being constrained to selling products to the U.S. entities.