MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Wednesday, October 17, 2012 BlackRock Reels in $29.8B in Retail and ETF AUM BlackRock [profile] netted $4.6 billion in retail inflows and $25.2 billion in iShares [profile] last quarter. The world's largest asset manager also soundly analysts' expectations, bringing in diluted earnings per share of $3.47 — Thomson Reuters said analysts expected $3.31 and Bloomberg said $3.32. For the third quarter, New York City-based BlackRock's adjusted operating margin rose to 40.7 percent, from 39.2 percent in Q2 2012 and 40.1 percent in Q3 2011. Retail assets climbed to $398.0 billion and ETF assets hit $705.8 billion, representing 12 and 21 percent of total assets under management, respectively. Bloomberg, MarketWatch, the New York Times and Reuters all covered BlackRock's earnings. Printed from: MFWire.com/story.asp?s=41683 Copyright 2012, InvestmentWires, Inc. All Rights Reserved |