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Booming ETFs Help BlackRock Weather Investors' Cost-Cutting

FYI: BlackRock Inc (BLK.N), the world's biggest asset manager, on Wednesday reported double-digit profit gains as investors plowed money into lower-cost index funds, but the company saw its share price trimmed as revenue disappointed analysts' expectations.
Regards,
Ted
http://www.reuters.com/article/us-blackrock-results-idUSKBN17L18S
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