KM Financial Solutions | UPDATE 1-Asset manager BlackRock’s profit beats Wall Street view as fees rise
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UPDATE 1-Asset manager BlackRock’s profit beats Wall Street view as fees rise

UPDATE 1-Asset manager BlackRock’s profit beats Wall Street view as fees rise

Oct 11 (Reuters) – BlackRock Inc, the world’s
biggest asset manager, reported a 8.2 percent rise in quarterly
profit that beat Wall Street estimates on Wednesday, helped by
higher fees as investors moved more money into low-cost exchange
traded funds.

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