The Motley Fool-An Pham Investment
- Trade Richer
- Jan 15, 2020
- 1 min read
Record inflows help BlackRock to upbeat 2019 results
BlackRock achieved its strongest ever year of inflows in 2019, helping the fund manager outpace analyst earnings estimates for the fourth quarter as its total assets swelled to $7.4tn. The world’s largest asset manager reported adjusted earnings per share of $8.34 for the fourth quarter of 2019, ahead of analyst estimates of $7.69. Inflows in 2019 included $183bn into iShares, the group’s exchange traded fund business, and $110bn in the firm’s actively managed funds.
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