“BlackRock Clients Pull $13 Billion From Long-Term Funds”
October 13, 2023
“BlackRock Inc. clients pulled a net $13 billion from long-term investment funds, the first outflows since the onset of the pandemic in 2020…
The outflows from the firm’s long-term investment funds, including mutual funds and exchange-traded funds, missed by a wide margin the $50 billion of inflows that analysts surveyed by Bloomberg were expecting…
Clients added $15 billion to the firm’s separate business of cash-management and money-market funds. They put $29 billion into the firm’s ETFs and $13 billion into fixed-income funds. Investors withdrew $7.7 billion from actively managed funds…”
https://finance.yahoo.com/news/blackrock-clients-pull-13-billion-101735815.html