"If you think about what our ambitions were three years ago, we wanted to be known as much as an active manager as an index manager," Fink told Reuters Wednesday morning. "We have certainly proven that in fixed income, we have proven it in multi-asset, and we are proving it in our model-based active funds."
However, BlackRock still has a ways to go in gaining market share among registered investment advisers (RIAs), Fink said on an analyst call Wednesday. "We are still way behind other firms with regard to the RIAs," he said.
BlackRock is looking at how it can bring some if its risk management tools, like its Aladdin platform, to this audience, Fink said.
And despite BlackRock's sweet spot in fixed income, Fink said he is not worried that investors will rush out of bonds if the Federal Reserve raises rates later this year.
"Seventy percent of BlackRock's bond holders are insurance companies and pension funds," Fink said, noting that these institutions have long time horizons. "People don't leave fixed income... it's one of those myths."
BlackRock reported that third quarter profit rose to $819 million, or $4.84 per share, for the quarter ended June 30, up from $808 million, or $4.72 per share, a year earlier.
On an adjusted basis, BlackRock earned $4.96 per share, handily beating analysts' average estimate of $4.80, according to Thomson Reuters I/B/E/S.
BlackRock ended the quarter with $4.7 trillion in assets under management, up from $4.6 trillion a year earlier.
BlackRock's shares were trading around $344 per share in morning trading, flat for the day.