He emphasized the shift of BlackRock toward products with higher margins, such as alternatives. In the second quarter of 2018, BlackRock announced Net Inflows $81.57 billion. ETFs leading the pack with an inflow of $83 billion and their most successful start to the year so far in history. BlackRock also highlighted the growing demand for fixed income securities to help investors in global markets navigate the changing economy. In spite of initial volatility in the value of its stock, BlackRock remains optimistic, thanks to its growth in administrative and investment advisory fees that increased 8.6% to $3.72 billion. Technology-related revenue such as the Aladdin portfolio risk management system which grew by 10%, climbed 10% up to 395 million. All in all, the total revenue for BlackRock increased by eight% in the year to $4.81 billion. Net earnings increased to $1.50 billion (or $9.99 per share from $1.37 billion which is $9.06 per share one year ago.