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BlackRock Beats Earnings Estimates, But ETF Flows Fall 46% On Volatility

TedTed
in The Bullpen
FYI: Even as BlackRock Inc.’s growth appears unstoppable, there are signs the firm isn’t invincible.

The world’s largest money manager saw net flows for its global iShares exchange-traded funds decline 46 percent in the first quarter to $34.6 billion from a year earlier. Even with the fall in flows, BlackRock beat quarterly earnings estimates and saw total assets under management rise to $6.3 trillion. The company’s stock rose 2 percent in early trading at 9:08 a.m. in New York.
Regards,
Ted
https://www.fa-mag.com/news/blackrock-etf-flows-fall-46--as-volatility-hits-global-markets-38090.html?print
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