16/04/2020at 14:06

Blackrock sees investors flee long-term funds in Q1

BlackRock saw net outflows from its long-term investment products for the first time in five years, as panicked investors fled the first-quarter’s market turmoil.

Photo: Brendan Mcdermid/Reuters/Ritzau Scanpix

By Annie Massa / BLOOMBERG

Institutional investors withdrew about USD 31 billion from offerings including mutual funds and exchange-traded funds, BlackRock said Thursday. Total net outflows from such long-term investment products was USD 19 billion in the quarter.

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