Laurence “Larry” Fink, chairman and chief executive officer of BlackRock.
Chris Goodney | Bloomberg | Getty Images
BlackRock, the world’s largest asset manager, beat analysts’ estimates for quarterly profit on Wednesday, helped by strong flows into its exchange-traded fund business that boosted overall assets under management to a record $7.43 trillion.
A rally in global equity markets and strong inflows across business segments helped the company lure $128.84 billion in new money during the fourth quarter through Dec. 31.
“I think it’s quite evident from our flows in the fourth quarter that we are winning more of our clients’ share of wallet,” Chief Executive Larry Fink said in an interview…