BlackRock's profit surged and assets hit a record as markets rallied

The firm pulled in $192 billion in client cash during the quarter, led by inflows into its iShares ETF franchise

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BlackRock $BLK reported second-quarter results on Wednesday showing total assets under management reached an all-time high of $15.34 trillion, compared with $13.89 trillion three months prior and $12.53 trillion in the year-ago period, buoyed by surging equity markets and steady investor demand for its funds.

The New York-based firm posted net income of $1.91 billion for the three months........

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