Jan
18
BlackRock’s Profit Up as Money Pours Into Exchange Traded Funds
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The offices of BlackRock, the world’s largest money manager, in New York. CreditJustin Lane/European Pressphoto Agency
BlackRock, the world’s largest money manager, reported a 6 percent increase in its fourth-quarter earnings on Friday as investors continued to allocate money to the company’sexchange traded funds despite a volatile stock market.
For the full year, BlackRock’s fast-growing iShares franchise took in $130 billion, consolidating the company’s position as the largest provider of E.T.F.s. In the fourth quarter alone, the company had net E.T.F. inflows of $60 billion…
BlackRock’s Profit Up as Money Pours Into Exchange Traded Funds
