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 |
|
Monday, July 22, 2013 Fink Happy About Bull Market in ETFs Larry Fink is confident about the asset manager's equity ETFs, which saw strong inflows, ETF Trends' John Spence wrote. Though the iShares business saw net outflows of $963 million in the second quarter, which wasn't helped by redemptions in the fixed-income and alternative markets, equity ETF flows came in at $2.7 billion. Remarking on the change, the BlackRock [profile] CEO said, "We are in a secular market for ETFs," during the company's earnings call on Thursday. Although iShares has seen outflows of more than $6 billion in the second quarter, Fink said iShares has the same rate of growth as in 2012, Spence writes. To read more, click here. Printed from: MFWire.com/story.asp?s=45013 Copyright 2013, InvestmentWires, Inc. All Rights Reserved |