TechFlow news, on October 14, BlackRock (BLK.N), the world's largest asset management company, attracted $205 billion in client inflows during the third quarter of this year, driven by its continued expansion in private credit and alternative assets. According to a statement on Tuesday, investors injected a net $153 billion into equities, bonds, and other ETFs during the quarter, pushing BlackRock's total ETF assets past $5 trillion for the first time. Long-term investment funds saw net inflows of $171 billion, exceeding the market expectation of $161.6 billion. As markets rebounded, the firm's total assets under management (AUM) rose to a record $13.5 trillion. Adjusted EPS for the third quarter increased 1% year-on-year to $11.55, surpassing the expected $11.47; revenue rose 25% year-on-year to $6.5 billion. The inflows also included $34 billion into cash management and money market funds, whose asset base surpassed $1 trillion for the first time. (Jinshi)
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