Investment manager BlackRock has reported a net income $917m, or $5.37 per share for the third quarter of 2014, up 26% compared with $730m, or $4.21 per share, a year earlier.
The investment firm revenue increased 15% to $2.85bn in the period.
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The New York-based firm saw $28.7bn of total inflows during the quarter ended 30 September 2014.
The group’s assets under management (AuM) increased by 10% over the quarter to reach $4.5 trillion with net inflows totalling $28.7bn for the period.
Laurence Fink, chairman and CEO of BlackRock, said: "BlackRock’s unique business model, combining active and index products on a single platform alongside Aladdin’s industry-leading risk management and analytics capabilities, once again delivered strong results in the third quarter.
"We continue to invest in our platform and our team in order to enhance our business model and position BlackRock to capture market opportunities – and most importantly, to partner with our clients to help them meet their investment goals."
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By GlobalData"The commitment we made six years to rebuild our fixed-income business is now showing results," Fink said.
The company said its Strategic Income Opportunities and Fixed Income Global Opportunities funds collectively saw more than $4bn of net new flows during the quarter.
Fink also hailed the array of products that have helped BlackRock weather a "challenging global interest rate environment."
