BlackRock says its ETF business crosses $100 billion sales mark

October 20, 2016 3:51 PM EDT

The BlackRock logo is seen outside of its offices in New York City, U.S., October 17, 2016. REUTERS/Brendan McDermid


Get daily under-the-radar research with StreetInsider.com's Stealth Growth Insider Get your 2-Wk Free Trial here.

NEW YORK (Reuters) - BlackRock Inc's (NYSE: BLK) iShares exchange-traded fund business has taken in $100 billion in new cash this year, a pace faster than its record-setting 2015 haul, the fund company said on Thursday on Twitter.

The company said it crossed the milestone on Wednesday. The iShares ETFs took in $130 billion in 2015 but did not top $100 billion until late November that year, the company said.

(Reporting by Trevor Hunnicutt; Editing by Dan Grebler)



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In






Related Categories

Reuters

Related Entities

Twitter

Add Your Comment