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BlackRock reports a massive influx of cash into its low-cost funds

Original story at Business Insider• 2 mentions • 1 week ago

Business Insider 1 week ago

 
(Reuters) - BlackRock Inc, the world's biggest asset manager, reported a massive influx of cash into its low-cost funds but nonetheless fell short of Wall Street's forecasts as price cuts and lower performance fees dented revenue. The New York-based company's largely index-tracking iShares exchange-traded funds have been growing at a record pace, pulling in a record $74 billion during the most recent quarter, up from $16 billion a year earlier. Investors of all types have been scooping up the funds and fleeing more expensive products as a way to access the market. Fees have raced toward zero on some products ...
 
 
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What they're saying:

17 Jul
BI Tech @SAI
BlackRock reports a massive influx of cash into its low-cost funds — but misses on revenue https://t.co/2Cyv5l5Usp https://t.co/xoX1bdp3C9
17 Jul
Business Insider @businessinsider
BlackRock reports a massive influx of cash into its low-cost funds — but misses on revenue https://t.co/E9T9uxqdXU https://t.co/u1l1wSg6Hg