BlackRock attracted $130 billion in client cash in Q1, primarily driven by strong performance of ETFs.

CoinFeed reported on April 14th that, according to Bloomberg, BlackRock saw net inflows of approximately $130 billion in the first quarter, including $72 billion in equity funds, $34 billion in fixed income, and a total of $136 billion in long-term investment products, slightly below analysts' expectations of $152 billion. ETFs attracted $132 billion, accounting for almost all of the inflows. The company's assets under management decreased to approximately $13.9 trillion, with $6 billion in redemptions from money market and cash management products. Adjusted earnings per share for the quarter were $12.53, up 11% year-over-year, exceeding market expectations of $11.48, while revenue increased by 27% year-over-year to $6.7 billion.