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BlackRock Assets Hit Record $10 Trillion, Powered by ETFs

  • Firm added a net $169 billion in long-term investment vehicles
  • Asset manager also benefited from rally in markets last year
Updated on

BlackRock Inc. became the first public asset manager to hit $10 trillion in assets, propelled by a surge in fourth-quarter flows into its exchange-traded funds.

Investors poured a net $104 billion into ETFs in the three months ended Dec. 31, the firm said Friday in a statement -- a record for the company.