Overall net inflows were positive in the quarter, with long-term net inflows of $65 billion, as momentum from ETFs offset the hit from retail clients withdrawing about $5 billion. Net inflows into ETFs were about $22 billion in the quarter, boosted by $37 billion of flows in bond ETFs. "We saw $37 billion of net inflows into bond ETFs, which is the second best quarter we've had in history ... Net income fell to $1.4 billion, or $9.25 per share, for the three months ended Sept. 30, from $1.68 billion, or $10.89 per share, a year earlier. Fink said BlackRock has about 20% of the LDI market in the U.K., or about $250 billion.

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