Business

BlackRock Assets Tumble 16% as Stock and Bond Markets Slide

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Investors pulled money from several BlackRock offerings, including equities and cash management. Core products, known as long-term funds, attracted $65 billion of net inflows, missing the $104 billion average estimate of analysts in a Bloomberg survey. In last year’s third quarter, clients put a net $98 billion into those investments, which include exchange-traded funds and mutual funds. 



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