BlackRock Profit Increases 22% As Assets Rise

Bloomberg

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BlackRock
BlackRock

"We continue to believe the firm faces challenges regarding its positioning with retail ETF users, where we expect a lot of the incremental growth in the ETF market to occur over the next few years," Montgomery, along with other Bernstein analysts, wrote in a Jan. 10 research note.

ETFs have been the fastest-growing segment of the asset-management business, benefiting firms such as BlackRock, Vanguard Group Inc. and State Street Corp. Assets in exchange-traded products in the U.S. increased 26 percent to $1.7 trillion in 2013, according to data compiled by Bloomberg.

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