(Reuters) – BlackRock reported on Friday, for the third consecutive quarter, a record level of assets under management, driven by interest in the group’s exchange-traded funds, while the dynamism of financial markets increased the value of its clients’ investments.
Global stock markets recovered from losses recorded in August and recovered in the third quarter, following encouraging inflation data in the United States.
The group’s assets under management reached 11,480 billion dollars (10,500 billion euros) in the third quarter, after 9,100 billion dollars a year earlier and 10,650 billion dollars in the previous quarter.
The majority of inflows were captured by exchange-traded funds (ETFs), at $97.41 billion, while BlackRock clients invested $62.74 billion in the group’s fixed income products. .
BlackRock’s net income rose to $1.63 billion, or $10.90 per share, in the quarter ended Sept. 30, up from $1.60 billion, or $10.66 per share, a year earlier. early.
(Written by Arasu Kannagi Basil in Bangalore, Augustin Turpin, edited by Kate Entringer)
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