VIDEO : BlackRock Has Better Than Expected Profits

(Reuters) - BlackRock Inc (BLK.N) reported a better-than-expected quarterly profit on Tuesday, as more people poured money in its low-risk funds amid heightened trade tensions between Beijing and Washington. REUTERS/Lucas Jackson/File Photo GLOBAL BUSINESS WEEK AHEAD More investors, however, pulled out money from the asset manager?s institutional index funds, while putting in more money into its low-risk iShares exchange-traded funds. The company?s iShares ETFs took in $33.67 billion in new money, down from $52.31 billion, a year earlier, while investors pulled out $24.76 billion from its portfolio managed index funds.