Net flows into long-term investments missed the US$61 billion average estimate of analysts surveyed by Bloomberg, as a single institutional client redeemed US$52 billion from a lower-fee index product.
BlackRock pulled in US$46 billion ($58.9 billion) to its investment funds, and assets hit a record of US$12.5 trillion as clients rode out the volatility of President Donald Trump’s tariff policies in the second quarter.
Investors added US$85 billion to exchange-traded funds and US$29 billion to equities overall, New York-based BlackRock said in a statement on Tuesday.
