BlackRock profit beats as its low-risk funds attract more money

BlackRock Inc , the world's largest asset manager, beat analysts' esti...

FILE PHOTO: The BlackRock logo is seen outside of its offices in New York City, U.S., October 17, 2016. REUTERS/Brendan McDermid/File Photo

The company, which manages $6.96 trillion in assets, attracted $84.25 billion in new money during the quarter, providing a peek into the risk appetite of investors amid fears of a slowing U.S. economy.

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