BlackRock recorded net inflows of $20 billion (£15.1 billion) in the second quarter, with assets under management up 11% year-on-year.
The world’s largest asset manager now runs a total of $6.3 trillion in client funds, up from $5.7 billion a year ago on inflows of $276 billion.
That has lifted revenue 11% and operating income 16% year-on-year, with higher fee income boosted by uptake of BlackRock’s Aladdin back-office system and its automated portfolio management service.
Diluted earnings per share also grew 27% over the quarter to $6.62, boosted by $300 million in share buybacks during the period.
Laurence Fink, chair and chief executive said: ‘Our diverse global platform generated $20 billion of total net inflows in the quarter and $276 billion over the last twelve months.
'Secular trends supportive of BlackRock’s future growth continue, especially in technology, including Aladdin and digital wealth, alternatives and iShares.
‘Despite an industry-wide slowdown in flows associated with investor uncertainty in the current market environment, our dialogue with clients and opportunities to provide long-term solutions are more robust than ever before.’