Booming ETFs Help BlackRock Weather Investors’ Cost-Cutting

BlackRock Inc., the world’s biggest asset manager, on Wednesday reported double-digit profit gains as investors plowed money into lower-cost index funds, but the company saw its share price trimmed as revenue disappointed analysts’ expectations.

from FA News http://www.fa-mag.com/news/booming-etfs-help-blackrock-weather-investors–cost-cutting-32375.html

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