BlackRock says its ETF business crosses $100 billion sales mark

MarketsReuters

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.

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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)