Fink hails 'standout' ETFs in first quarter

The BlackRock chief executive hails the record performance of the asset manager's iShares business, which attracted $18.2bn of net new inflows in the first three months of the year

Larry Fink, chairman and chief executive of BlackRock, highlighted the strength of the fund manager’s exchange-traded business in the first quarter and said more institutional investors are moving from using indeces to ETFs.

Fink said on BlackRock's first quarter results call: "Our iShares platform had $18.2bn in new business and was the standout in our results."

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