BLACKROCK ASSETS HIT RECORD BUT FINK WARNS OF MARKET ANXIETY

BlackRock's assets increased to a record high value in the first quarter, but the CEO of the world's largest asset manager said anxiety was dominating markets, even if the recent selloff did not pose risks to financial stability.

Assets managed by the New York-based firm increased to $11.58 trillion from $10.47 trillion at the end of the same three-month period a year earlier, and from $11.55 trillion at the end of last year.

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