Structured products linked to iShares ETFs sell US$1.5bn in second quarter 2018

BlackRock has reported long-term net flows in iShares exchange-traded funds (ETFs) of US$18bn in the second quarter of 2018, down from US$35m the previous quarter and US$74bn in the second quarter last year. Revenue grew 11% year-on-year, driven by fees and technology services revenue while a 16% y-o-y operating income growth reflected the expansion of the operating margin, according to the asset manager. Structured products linked to 26 different iShares ETFs collected sales of close to US$1.5