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BlackRock Sees $114 Billion in Net Flows Amid Market Turmoil

  • Clients added money across BlackRock’s investment vehicles
  • Adjusted earnings beat analysts’ estimates in the period
BlackRock’s total assets under management slid to $9.57 trillion at the end of March.

BlackRock’s total assets under management slid to $9.57 trillion at the end of March.

Photographer: Jeenah Moon/Bloomberg
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Investors continued to pour money into BlackRock Inc.’s funds in the first quarter, seemingly undeterred by falling stock prices, surging inflation and war in Europe. 

Even as uncertainty mounted over Russia’s invasion of Ukraine and the Federal Reserve’s response to fast-rising consumer prices, clients added a total of $114 billion to BlackRock’s long-term investment products in the three months through March, the New York-based firm said Wednesday in a statement.