Investors poured $102.8 billion in new money into BlackRock's exchange-traded funds in 2014, setting a record in global flows for its iShares ETF business, the company said on Monday.
The inflows into BlackRock accounted for 31 percent of the total $330.7 billion in new money added to the global ETF market in 2014 as investors flocked to the low-cost, index-tracking funds. Global ETF assets now stand at more than $2.7 trillion.
In December, U.S.-listed exchange-traded funds and products alone surpassed $2 trillion in assets for the first time, according to research firm ETFGI. BlackRock, the largest U.S. ETF provider, followed by State Street and Vanguard, has been a beneficiary of the growth.