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Rating:iShares Accounts for 27 Percent of BlackRock's Net Inflows Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, October 20, 2010

iShares Accounts for 27 Percent of BlackRock's Net Inflows

News summary by MFWire's editors

iShares [see profile] brought in $13.6 billion in net inflows last quarter, more than 27 percent of BlackRock's [see profile] $50.1 billion net flows. The giant asset manager revealed that data and more Wednesday morning as part of its third quarter earnings report.

BlackRock earned $2.75 adjusted per diluted common share in the quarter ended September 30. Reuters' Emily Chasan reports that BlackRock beat analysts estimates of $2.46 per share.

BlackRock's assets climbed nine percent in Q3 to $3.446 trillion on September 30. 

Edited by: Neil Anderson, Managing Editor

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