BlackRock profit jumps 24 pct on strong ETF demand

Thu Jan 17, 2013 6:42am EST

Jan 16 (Reuters) - BlackRock, the world's largest money manager, said on Thursday its fourth quarter profit rose 24 percent as investors moving into equities increased demand for its iShares family of exchange-traded funds and other products.

Net income at New York-based BlackRock totaled $690 million, or $3.93 per share, for the quarter compared to $555 million, or $3.05 per share, a year earlier.