BlackRock Hits $10.6 Trillion Asset Record, Cites ETF Boost
- Money manager’s revenue increased 8% from a year ago
- Clients added $83 billion to exchange-traded funds in quarter
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BlackRock Inc. hauled in $51 billion of client cash to its long-term investment funds in the second quarter, pushing the world’s largest money manager to a record $10.6 trillion of assets.
Investors added $83 billion to ETFs and $35 billion to fixed-income overall, New York-based BlackRock said Monday in a statement.