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BlackRock Miss Profit Mark

Video Credit: Wochit - Duration: 00:43s - Published < > Embed
BlackRock Miss Profit Mark

BlackRock Miss Profit Mark

REUTERS/Lucas Jackson/File Photo GLOBAL BUSINESS WEEK AHEAD (Reuters) - BlackRock Inc (BLK.N) reported a lower-than-expected quarterly profit on Wednesday, as market volatility towards the end of 2018 prompted investors to pull out money from the world’s biggest asset manager’s actively managed funds.

They pulled out $34.6 billion from the company’s more actively traded and higher cost institutional equity index accounts and focused more on low-risk, low-cost exchange traded funds.

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