BlackRock attracted approximately $205 billion in new client funds during the third quarter, pushing its assets under management to a record $15.49 trillion as rising financial markets and strong investment inflows boosted earnings.
The world's largest asset manager reported a 25% increase in net income to approximately $1.66 billion for the three months ended September 30, compared with $1.32 billion a year earlier. Revenue rose 19% to $7.75 billion, driven by higher management fees, investment performance and growth in its technology services business.
