BlackRock registered $160 billion in long-term net inflows in the third quarter. Total net inflows hit a quarterly record of $221.18 billion, up from $2.57 billion a year ago. A majority of the long-term inflows were captured by ETFs, at $97.41 billion. Clients poured in $62.74 billion into BlackRock's fixed-income products.

BlackRock's assets under management hit a record high for the third straight quarter on Friday, helped by surging inflows to the company's exchange-traded funds and a searing equity rally that boosted the value of its clients' investments.

BlackRock’s assets under management surged to a record $11.5tn,last quarter as the world’s largest money manager benefited from a rally in markets and attracted cash from investors. Revenue rose 15 per cent to $5.