BlackRock quarterly profit rises as more investors flock to its funds
A sign for BlackRock Inc hangs above their building in New York U.S., July 16, 2018. REUTERS/Lucas Jacksonon Friday beat second-quarter profit estimates, as investors continued to pour money into its various funds on the back of a rally in markets after a bruising start to the year.
The New York-based firm ended the second quarter with $9.4 trillion in assets under management , up from $8.5 trillion a year earlier and $9.1 trillion in the first quarter.
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