Oct 15 (Reuters) - BlackRock Inc, the world’s biggest asset manager, on Tuesday posted an 8% drop in third-quarter profit, as investors put money in its fixed-income funds and accounts that typically carry lower fees.
Net income fell to $1.12 billion, or $7.15 per share, in the third quarter ended Sept. 30 from $1.22 billion, or $7.54 per share, a year earlier. (bit.ly/33uIwRx)
The company attracted $84.25 billion in new money during the quarter. (Reporting by Bharath Manjesh in Bengaluru; Editing by Bernard Orr)