BlackRock on Thursday saw its first-quarter earnings rise, but revenue missed analyst expectations as the world’s largest asset manager lost out on fees related to foreign-exchange rates.

Still, investors poured money into BlackRock's bond funds and exchange-traded funds, helping the company post a profit of $4.84 a share for the quarter, an 8.7% increase from the year-ago quarter. Analysts polled by Thomson Reuters had expected earnings of $4.52 a share.