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Rating:BlackRock Had a Good ETF Quarter Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, January 17, 2013

BlackRock Had a Good ETF Quarter

News summary by MFWire's editors

Larry Fink probably had a good day yesterday, as BlackRock [profile] published a Q4 earnings report detailing a 24 percent increase.

According to a Bloomberg report, net income for the shop rose to $690 million, compared to $555 million in 2011.

ETFs did especially well, bringing in $47 billion in deposits during the fourth quarter. This drove total ETF assets to $3.79 trillion. iShares ETFs brought in $34.5 billion.

Active funds, meanwhile, had outflows of $5.4 billion for equity funds and $374 for bond funds.

For more details, check out the original article

Edited by: Ben Geier


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