Finance
BlackRock Hits $10.5 Trillion Asset Record With Bond Inflows
- Net inflows of $76 billion missed analysts’ estimates
- Firm’s revenue increased 11% last quarter from a year ago
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BlackRock Inc.’s long-term investment funds took in $76 billion of net inflows in the first quarter, helping to push the world’s largest money manager to a record $10.5 trillion of client assets.
The inflows included $67 billion to ETFs and $42 billion to fixed-income funds, the New York-based firm said Friday in a statement.