 "BlackRock receives $114 bn in net flows amid market turmoil")
Investors continued to pour money into BlackRock’s funds in the first quarter, seemingly undeterred by falling stock prices, surging inflation and war in Europe.
Even as uncertainty mounted over Russia’s invasion of Ukraine and the Federal Reserve’s response to fast-rising consumer prices, clients added a total of $114 billion to BlackRock’s long-term investment products in the three months through March, the New York-based firm said on Wednesday in a statement. Equity funds led the way, with a $76 billion haul, while bond funds saw $7.5 billion.
Even as uncertainty mounted over Russia’s invasion of Ukraine and the Federal Reserve’s response to fast-rising consumer prices, clients added a total of $114 billion to BlackRock’s long-term investment products in the three months through March, the New York-based firm said on Wednesday in a statement. Equity funds led the way, with a $76 billion haul, while bond funds saw $7.5 billion.
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