MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
|
|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Thursday, January 17, 2013 BlackRock Had a Good ETF Quarter 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. Printed from: MFWire.com/story.asp?s=42721 Copyright 2013, InvestmentWires, Inc. All Rights Reserved |