BlackRock says its ETF business crosses $100 billion sales mark
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The BlackRock logo is seen outside of its offices in New York City, U.S., October 17, 2016. REUTERS/Brendan McDermid
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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)
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