NEW YORK: BlackRock Inc, the world's largest money manager, reported a higher-than-expected quarterly profit on Thursday, benefiting from strong markets and a flow of new money into its exchange-traded funds and retail business.
The New York-based asset manager ended the fourth quarter through December 31 with $4.3 trillion in assets, including new money and market gains, surpassing the $4 trillion mark for the first time last year.
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