BlackRock, the world’s largest fund group, posted a slight increase in assets under management during the first three months of the year, despite a slowdown in inflows compared to the previous quarter.

The New York-headquartered firm pulled in $84.2bn of net inflows to the end of March, up from $57.2bn during the same period a year ago, but significantly down on the $281bn it pulled in during the fourth quarter of last year.