The war is accelerating the shift away from globalization, said Larry Fink.
Russian securities account for less than 0.01% of client assets, mostly in index portfolios, the asset manager said.
Inflation is likely to be persistent amid ballooning government debt, billionaire Bill Gross argued.
Those two firms are also large holders of shares or bonds in the two sanctioned Russian banks.
BlackRock's portfolio includes $509 billion in sustainable assets, more than double the amount a year ago.
The world's largest asset manager also benefited from a rally in markets.
Companies opting out cited their fiduciary duty and to a reluctance to be bound by external rules.
The largest ETF issuer will shift assets to Citigroup, JPMorgan and Bank of New York Mellon.
Jeremy Grantham said the U.S. central bank has overstimulated the economy repeatedly.
Both companies suffered billions of dollars in outflows in their last quarters.
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