BlackRock Fourth-Quarter Profit Rises on ETF Inflows, Index Fund Demand

BlackRock, the world's largest asset manager, reported a rise in fourth-quarter profit due to increased demand for its exchange-traded funds (ETFs) and index funds.

The company's fourth-quarter profit rose to $1.04 billion, up from $1.03 billion in the same period a year ago. Revenue also increased to $5.12 billion, surpassing analyst estimates of $4.98 billion.

The strong performance was driven by the growth of BlackRock's ETF business, which saw inflows of $44 billion in the fourth quarter. The company's index fund business also saw significant growth, with inflows of $23 billion.

BlackRock's results come as the company continues to expand its presence in the ETF market. In recent years, the company has launched several new ETFs, including a range of actively managed funds.

The company's strong performance has been driven by the growing demand for low-cost index funds and ETFs. These products have become increasingly popular among investors in recent years, as they offer a low-cost and efficient way to invest in a range of assets.

BlackRock's results are a positive sign for the company, which has been expanding its presence in the ETF market. The company's strong performance is likely to be driven by the continued growth of the ETF market, as well as the company's efforts to expand its presence in the index fund business.

Sources

[2] BlackRock fourth-quarter profit rises on ETF inflows, index fund demand