BlackRock, the world’s largest asset manager, posted $17bn in net outflows in the Asia-Pacific region in the first half of the year, a contrast with its business in Europe and the Americas, where the US fund firm recorded net inflows.
The vast majority of Asia-Pacific redemptions to long-term investments came in the second quarter when the firm saw $16bn in net outflows, an acceleration of the $1bn in net outflows from the first quarter.
In Europe, the Middle East and Africa, BlackRock posted $56bn in long-term net inflows over the first six months of the year, including $36bn in the second quarter.
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