BlackRock's second-quarter profit rises 11 percent

NEW YORK, July 16 Wed Jul 16, 2014 6:41am EDT

NEW YORK, July 16 (Reuters) - BlackRock Inc, the world's largest money manager, said on Wednesday that its second-quarter profit rose 11 percent, boosted by strong markets that helped drive flows into its products across asset classes.

The New York-based asset manager reported net income of $808 million, or $4.72 per share, up from $729 million, or $4.19 per share, a year earlier. (Reporting by Ashley Lau in New York; Editing by Lisa Von Ahn)

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