BlackRock Q3 ETF results show global split

It had US$10.8bn of net new business in its iShares ETF last quarter; $6.5bn of the inflows came from EMEA, $4.6bn from the Americas. "We are not happy with our US results and we are addressing it," said Laurence D. Fink, chairman and CEO of BlackRock, while presenting the results. He noted the recent appointment of Mark Weidman as global head of iShares and said that it is building its management team. "We believe we will once again re-assert our market share in the United States," he said. Its European performance was strong, however: "we are as well positioned in Europe as we e...