MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Friday, October 19, 2012 BlackRock's Q3 Catches More Ink BlackRock's [profile] strong third quarter earnings and its price competition with Vanguard are attracting media attention. The New York City-based mutual fund and ETF shop released its Q3 earnings Wednesday. The world's largest asset manager soundly beat analysts' expectations, thanks in part to $25.2 billion in net iShares [profile] inflows. Bloomberg and the New York Times both covered the results. The Times in particular highlighted the success of iShares last quarter. Also, as noted yesterday by MFWire, BlackRock CEO Larry Fink used his Q3 earnings call to attack the idea of the so-called ETF fee war between his iShares unit and rivals like Vanguard and Schwab. MFWire linked to multiple articles on Fink's remarks, from the likes of the Financial Times, Reuters and the Wall Street Journal. Printed from: MFWire.com/story.asp?s=41720 Copyright 2012, InvestmentWires, Inc. All Rights Reserved |