One such product, iShares Edge MSCI Min Vol USA ETF , has been a bestseller since it launched five years ago, even though other stock funds have been out of favor with investors. It aims to deliver market returns with fewer price swings, a claim that appears to be substantiated so far by Lipper performance data.
"We feel like there will be more and more adoption," said Rob Nestor, a BlackRock managing director who oversees the Edge business in the United States. He noted that it has become more difficult for active managers to beat market returns.
Meanwhile, Aladdin, a risk-management technology BlackRock uses and licenses to other investment firms, reported a 13 percent rise in revenue.
BlackRock shares rose about 0.6 percent on Tuesday afternoon in New York. The stock has risen about 4.8 percent since the beginning of the year, while a grouping of the company's peers measured by the Dow Jones U.S. Asset Managers Index fell by 3.4 percent.
This article was provided by Reuters.