BlackRock said Friday it has set a record for the company’s net flows, further highlighting the success the company has seen from its exchange-traded funds known as iShares.
BlackRock, which managed $6.29tn in assets as of the end of the fourth quarter that closed December 31, reported $2.3bn in profits, or $14.07 a share, compared with $851 million, or $5.13 a share a year ago. Earnings on an adjusted basis were $1.02bn, or $6.24 a share, up 20% from $852m, or $5.14 a share for the same period a year prior.