Net flows to long-term investment funds came in at US$136 billion, missing the US$152 billion average estimate of analysts surveyed by Bloomberg. Exchange-traded funds (ETFs) pulled in US$132 billion, accounting for almost all of the inflows.
(April 14): BlackRock Inc took in a net US$130 billion ($165.31 billion) of client cash in the first quarter, with investor money continuing to pour in despite volatility in the public and private markets and protracted uncertainty over the war in Iran.
Clients added US$72 billion to equity funds and US$34 billion to fixed-income on a net basis, BlackRock said on Tuesday in a statement.
