FILE PHOTO: The BlackRock logo is pictured outside its headquarters in the Manhattan borough of New York City, New York, U.S., May 25, 2021. REUTERS/Carlo Allegri/File Photo
(Reuters) - BlackRock's assets under management hit a record high for the third straight quarter on Friday, helped by surging inflows to the company's exchange-traded funds and a searing equity rally that boosted the value of its clients' investments.
Stock markets overcame the August selloff and broadened their rally in the third quarter, driven by renewed hopes of a soft landing for the world's largest economy after encouraging inflation data.
