Low-fee Blackrock Funds Rake In Cash But Revenues Disappoint

NEW YORK (Reuters) - BlackRock Inc, the world's biggest asset manager, reported a massive influx of cash into its low-cost funds but nonetheless fell short of Wall Street's forecasts as price cuts and lower performance fees dented revenue.

Topics:  york reuters     blackrock inc   wall street   funds   cash   
BING NEWS:
  • Low-fee BlackRock funds reel in cash but earnings disappoint
    NEW YORK (Reuters) - BlackRock Inc's (BLK.N) second-quarter results failed to impress Wall Street on Monday as the world's biggest asset manager cut fees to lure a wave of investor cash into its exchange-traded funds, sending shares down more than 3 percent.
    07/17/2017 - 5:41 am | View Link
  • Low-fee BlackRock funds reel in cash but earnings disappoint
    NEW YORK (Reuters) - BlackRock Inc's second-quarter results failed to impress Wall Street on Monday as the world's biggest asset manager cut fees to lure a wave of investor cash into its exchange-traded funds ... expected higher revenues this quarter ...
    07/17/2017 - 1:34 am | View Link
  • Low-fee BlackRock funds reel in cash but earnings disappoint
    BlackRock Inc's second-quarter results failed to impress Wall Street on Monday as the world's biggest asset manager cut fees to lure a wave of investor cash into its exchange-traded funds, sending shares down more than 3 percent. Investors of all types ...
    07/17/2017 - 12:02 am | View Link
  • Low-fee BlackRock funds rake in cash but revenues disappoint
    (Adds CEO quote, detail on analyst forecasts, dateline, byline) By Trevor HunnicuttNEW YORK, July 17 (Reuters) - BlackRock Inc , the world's biggest asset manager, reported a massive influx of cash into its low-cost funds but nonetheless fell short ...
    07/16/2017 - 9:20 pm | View Link
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