BlackRock's Q1 absorption of $130 billion in client cash is mainly attributed to the strong performance of ETFs.

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ME News Report, April 14 (UTC+8), BlackRock achieved approximately $130 billion in net inflows in the first quarter, with equity funds net inflows of $72 billion, fixed income net inflows of $34 billion, and long-term investment products totaling net inflows of $136 billion, slightly below analysts’ expectations of $152 billion. ETF inflows totaled $132 billion, accounting for almost all inflows. The company’s assets under management decreased to about $13.9 trillion, with $6 billion redeemed 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, with revenue up 27% year-over-year to $6.7 billion. (Source: PANews)

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