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

The BlackRock logo is seen outside of its offices in New York City, U.S., October 17, 2016. REUTERS/Brendan McDermid (Copyright Reuters 2016)

BlackRock says its ETF business crosses $100 billion sales mark

Markets Reuters

BlackRock Inc's iShares exchange-traded fund business has taken in $100 billion in new cash this year, a pace faster than its record-setting 2015 haul, the fund company said on Thursday on Twitter.

Continue Reading Below

The company said it crossed the milestone on Wednesday. The iShares ETFs took in $130 billion in 2015 but did not top $100 billion until late November that year, the company said.

(Reporting by Trevor Hunnicutt; Editing by Dan Grebler)