KEY POINTS
  • BlackRock, the world's largest asset manager, reported a better-than-expected quarterly profit on Wednesday as investors poured more money into the company's funds, driving robust fee growth and boosting its assets under management to a record high.
  • BlackRock's assets under management jumped to a record $9.49 trillion in the second quarter from $7.32 trillion a year earlier.
  • Net inflows for the quarter stood at $81 billion, driven by higher investments in BlackRock's various funds, including its exchange-traded funds.

In this article

BlackRock, the world's largest asset manager, reported a better-than-expected quarterly profit on Wednesday as investors poured more money into the company's funds, driving robust fee growth and boosting its assets under management to a record high.

BlackRock's assets under management jumped to a record $9.49 trillion in the second quarter from $7.32 trillion a year earlier.

In this article