BlackRock, the world's largest asset manager, reported a 25% increase in its adjusted profit for the second quarter of the year, thanks to investors putting money into its market funds. The company earned $1.4 billion on an adjusted basis, compared to $1.1 billion the previous year. BlackRock's assets under management rose to $9.4 trillion, up from $8.5 trillion in 2018. Despite the Federal Reserve's rate hikes and banking crisis, markets have performed well this year.