(Bloomberg) -- BlackRock, the worlds largest money manager, said second-quarter profit rose 1.4% as it attracted money into higher-fee products including active funds and exchange-traded funds.
Net income increased to $819 million, or $4.84 a share, from $808 million, or $4.72, a year earlier, the New York-based company said Wednesday in a statement. Adjusted earnings of $4.96 a share beat the $4.79 average of 19 analysts surveyed by Bloomberg. Shares were little changed in New York trading.
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