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Quartz·1 min read·medium

BlackRock's profit surged and assets hit a record as markets rallied

Cris Tolomia
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BlackRock reported a surge in profits and record-high assets under management this quarter. The growth was primarily driven by $192 billion in new client cash, particularly within its iShares ETF division.

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The firm pulled in $192 billion in client cash during the quarter, led by inflows into its iShares ETF franchise

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BlackRock's profit surged and assets hit a record as markets rallied — Headlinne — headlinne