BlackRock's third-quarter profit jumped 14% as the money manager's assets under management and revenue strengthened.

BlackRock is the US' largest provider of ETFs, which typically track an index and trade on an exchange. Bond funds across the money-management industry have suffered outflows recently amid investor fear of a spike in interest rates. The company has previously noted that it is seeing its fixed-income investors move into bond funds that aren't tethered to an index, also known as unconstrained bond funds, rather than a "great rotation" out of bonds.