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BlackRock’s investor cash inflows slide

Second-quarter results beat expectations, as revenue rose 11%

BlackRock’s investor cash inflows slide

BlackRock pulled in $20bn in new investor cash in the second quarter, nearly 81% lower than the same quarter last year.

The world’s largest asset manager has vacuumed up new assets into its massive iShares exchange-traded fund business in recent years as investors forsake active stock pickers in favour of low-cost index funds. But inflows slowed from last year’s record pace as investors grew more cautious.

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