BlackRock has reported $12.9bn in net inflows in its iShares business at the end of the second quarter, despite the firm recording a total loss of $213.3bn in assets under management (AUM) in this period.
In comparison, BlackRock saw $3.3bn from iShares investors in the US and Canada in the first quarter of this year, and $0.8bn from iShares investors across all other regions. The firm's second quarter results show AUM in fixed income increased to $1.08trn, with net new business of $8.5bn in index fixed income coming primarily from iShares ETFs. In contrast, BlackRock saw $5.9bn of net outflows in active fixed income strategies. BlackRock's fixed income AUM in the first quarter of this year increased by $3.6bn to $1.06trn, including net new business of $7.1bn in iShares. This was of...
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