January 17, 2013 / 11:45 AM / 5 years ago

BlackRock profit jumps 24 pct on strong ETF demand

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.

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