ETFs have been very, very good to BlackRock. (Photo:Shutterstock)

(Bloomberg) – BlackRock Inc.’s quest to build scale by focusing on exchange-traded funds is reaping rewards.

The world’s largest asset manager pulled in $52 billion in its iShares ETF business in the third quarter, helping the firm exceed analysts’ revenue estimates for the first time in four quarters. And showing just how much BlackRock is an industry juggernaut, total assets under management surged to almost $6 trillion.

Complete your profile to continue reading and get FREE access to, part of your ALM digital membership.

Your access to unlimited content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and events.
  • Access to other award-winning ALM websites including and

Already have an account?



Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join now!

  • Unlimited access to - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including and
  • Exclusive discounts on and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2023 ALM Global, LLC. All Rights Reserved.