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Booming ETFs help BlackRock weather investors' cost-cutting@stockbroker 

Booming ETFs help BlackRock weather investors' cost-cutting@stockbroker  | Stockbroker | Scoop.it
BlackRock Inc (BLK.N), the world's biggest asset manager, on Wednesday reported double-digit profit gains as investors plowed money into lower-cost index funds, but the company saw its share price trimmed as revenue disappointed analysts' expectations.
Edu King Priest's insight:

"Revenues of $2.8 billion came in 2 percent below analysts' estimates as advisory and distribution fees declined. Chief Executive Officer Larry Fink said the miss was not attributable to the fees it charges for managing funds."

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