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BlackRock’s inflows soar despite profit slip

World’s largest asset manager raises dividend and boosts buyback programme

BlackRock’s inflows soar despite profit slip

BlackRock said on Thursday that it saw the highest investor inflows in its history during 2014, but earnings fell more than 3% in the most recent quarter as performance fees fell.

BlackRock, the world's largest asset manager, also raised its dividend to $2.18 a share from $1.93, while boosting its share-buyback programme by 6 million shares under its existing plan for a total of as many as 9.4 million shares.

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