Last year was another banner year for inflows to exchange-traded funds, and that was music to the ears of BlackRock, Inc. (NYSE: BLK), the world's largest asset manager and the biggest issuer of ETFs.
New York-based BlackRock garnered $130 billion of the $347 billion that flowed into exchange-traded products last year.
BlackRock Breaking Records
The company broke inflows records in both the United States and Europe, the world's two largest ETF markets. According to a statement out Monday, inflows to U.S.-listed iShares ETFs surged to $97 billion last year from $82 billion in 2014. In Europe, iShares' inflows rose to $34 billion from $20 billion in 2014 as the issuer captured 42 percent of flows in both markets.
“Despite lackluster equity markets in 2015, the ETF industry set a new growth record of $347 billion. Institutional and retail investors are using ETFs more and ...
/www.benzinga.com/trading-ideas/long-ideas/16/01/6108951/ishares-wins-2015-race-for-global-etf-inflows alt=iShares Wins 2015 Race For Global ETF Inflows>Full story available on Benzinga.com
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