BlackRock eyes new opportunities despite 18% Q1 profit drop

BlackRock, the largest asset manager in the world, has reported an 18% drop in first-quarter profit. However, the company still beat analysts' estimates as investors continued to pour money into its funds. BlackRock ended the first quarter with $9.1tn in assets under management, up from $8.59tn in the fourth quarter, and net inflows in the first three months of the year were at $110bn.