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 |
|
Monday, April 21, 2014 BlackRock's Earnings Highlight Retail's Crucial Role The 2014 first quarter earnings unveiled by BlackRock this week are a textbook case of why the retail channel matters now. The world's largest asset manager, which now boasts $4.4 trillion in AUM, witnessed $26.7 billion inflows for the quarter. Out of the, some $14 billion came from retailer investors. Meanwhile, institutional investors shuffled their assets between different categories. They pulled some $8 billion from actively managed equities, and $7 billion from active fixed income, only to pour $8.7 billion into equity index, and roughly $10 billion into fixed-income index, products. In part due to these inflows, as well as due to health performance in a number of products, revenue was up 9 percent to $2.67 billion. Net income jumped nearly 20% to $756 million. The news was analyzed by a variety of financial publications, including Reuters; NYT's Dealbook; Bloomberg; Financial Times, and the Wall Street Journal. As one would expect, Fink had lots to say on the drivers behind BlackRock's growth, touting the usual suspects such as investment performance and variety. However, the flows from the previous quarter, 4Q 2013, were $40 billion, and that money had flowed into products that generated higher fees. What is next? Perhaps the recently announced executive changes at BlackRock will provide some answers. Printed from: MFWire.com/story.asp?s=48131 Copyright 2014, InvestmentWires, Inc. All Rights Reserved |