BlackRock attracted $130 billion in client cash in Q1, primarily driven by strong performance of ETFs.

PANews reported on April 14th that, according to Bloomberg, BlackRock saw net inflows of approximately $ 130 billion in the first quarter, including $ 72 billion in equity funds, $ 34 billion in fixed income, and a total of $ 136 billion in long-term investment products, slightly below analysts' expectations of $ 152 billion. ETFs attracted $ 132 billion, accounting for almost all of the inflows. The company's assets under management decreased to approximately $ 13.9 trillion, with $ 6 billion in redemptions from money market and cash management products. Adjusted earnings per share for the quarter were $ 12.53 , up 11% year-over-year, exceeding market expectations of $ 11.48 , while revenue increased by 27% year-over-year to $ 6.7 billion.

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