BlackRock hits record high $11.5 trillion in assets on market rally, ETF boost
- BlackRock's assets reached a record high of $11.5 trillion on Friday, boosted by strong inflows into exchange-traded funds and a rally in equity markets.
- The company reported $160 billion in long-term net flows during the third quarter, with total net flows at $221.18 billion, compared to $2.57 billion last year.
- Exchange-Traded funds captured $97.41 billion of the inflows, while fixed-income products attracted $62.74 billion from clients.
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