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Home›ETFs & Funds›Fund Industry›BlackRock shares rise after ETF inflows help it beat e…

BlackRock shares rise after ETF inflows help it beat earnings

The world’s largest asset manager saw investment flows double, lifting quarterly profits and driving shares toward their best day in more than a year, according to MarketWatch.

Reported · Written up by our desk · Fund Industry

BlackRock’s shares climbed toward their best day in more than a year after strong investment flows into exchange-traded funds and buoyant markets helped the firm beat Wall Street’s earnings expectations for the latest quarter, according to MarketWatch.

MarketWatch reported that investment flows doubled, supporting a surge in profits alongside the ETF-driven demand.

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Sources

MarketWatchBlackRock has best-ever start to a year as investment flows double and profits surge
MarketWatchBlackRock has best-ever start to a year as investment flows double and profits surge

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