American Blackrock, one of the world's largest asset managers, received unexpectedly low inflows into its investment funds during the first quarter of the year. The net inflow from customers stood at plus 83 billion dollars.
The average forecast was that the inflow would be 105 billion, according to Bloomberg.
Blackrock's adjusted net earnings per share rose 15 percent compared to the corresponding quarter a year earlier, to 11.30 dollars per share. This was better than the expected 10.11 dollars per share.
Blackrock managed assets totaling 11,600 billion dollars at the end of the first quarter, which was essentially an unchanged level compared to the previous quarter.
