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BlackRock At $6 Trillion; Fink Positive On Effect Of Tax Law

TedTed
in The Bullpen
FYI: BlackRock Inc. crossed the $6 trillion asset mark and is already seeing benefits from the new U.S. tax law.

The world’s largest asset manager hit $6.3 trillion in the fourth quarter and said net income was bolstered by $1.2 billion related to the tax legislation as well as flows into exchange-traded funds last year. The New York-based company’s Chief Executive Officer Laurence D. Fink said in a statement Friday that BlackRock had the strongest net flows in its history last year -- $367 billion.
Regards,
Ted
https://www.bloomberg.com/news/articles/2018-01-12/blackrock-crosses-6-trillion-in-assets-tax-law-bolsters-profit


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