BlackRock CEO Upbeat On The Future Of The ETF Business

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“We are in a secular bull market for ETFs,” BlackRock, Inc. (NYSE:BLK) CEO Larry Fink said during the company’s second-quarter earnings call Thursday. BlackRock iShares ETFs outflows BlackRock, Inc. (NYSE:BLK) saw net outflows in its iShares ETFs in the second quarter as investors sold fixed-income and alternatives products on worries the Federal Reserve would taper its bond purchases. However, iShares flows have rebounded strongly so far in July and the firm’s chief executive is upbeat on the future of the ETF business. The overall iShares business experienced net outflows of $963 million in the quarter, driven by redemptions in the fixed-income and…

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