BlackRock Bounces Back With ‘Huge Excitement’ Over Fixed Income

  • Fixed income products took in $80 billion in first quarter
  • Assets under management rose above $6 trillion again
Bloomberg’s Jason Kelly reports on BlackRock’s earnings that beat expectations.Daybreak: Americas." (Source: Bloomberg)
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BlackRock Inc. rebounded from a rocky end of last year, as customers jumped into its fixed-income products and showed interest in illiquid alternatives.

The world’s largest asset manager saw $65 billion in net inflows in the first quarter, the strongest total since 2017. The results Tuesday helped lift the New York-based company’s assets under management above $6 trillion again after a dropBloomberg Terminal amid market turmoil at the end of 2018.