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BlackRock reported a rise in first-quarter profit on Tuesday.
BlackRock reported $130 billion in total net inflows, mainly into iShares ETFs, this quarter.
KEY POINTS
- Investment advisory performance fees surged to $272 million from $60 million a year ago.
- Assets under management rose to $13.89 trillion, up from $11.58 trillion last year.
- BlackRock's private markets assets fell to $320.4 billion due to a $2 billion market value drop.
- Private markets inflows were primarily driven by private credit and infrastructure investments.
COMPANIES
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