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
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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 drop amid market turmoil at the end of 2018.