Following a significant EMEA outflow of $9.7bn, BlackRock suffered with only $10.6bn in net flows by region. iShares' $33.7bn inflow over the three months, redeemed the firm from its $24.8bn institutional outflow.
The report highlights iShares' importance to the Q3 results:
"$11 billion of quarterly long-term net inflows, led by iShares, active multi-asset and illiquid alternatives."
"Over the last twelve months, total net inflows of $177 billion reflect continued growth in key areas of our business, including iShares."
iShares' ETF's assets under management (In millions):
|ETF Asset Class||At end June 2018||At end September 2018|
Revenue for BlackRock's ETF range in Q3 improved in comparison to the same quarter in 2017. Equity ETF's revenue jumped from $835m in Q3 2017 to $885m in Q3 2018. However, fixed income ETF's revenue slumped from $210m to $205m in the same time frame.