BlackRock's internal solutions unit will remain focused on meeting demand for multiasset portfolios and customized strategies for institutions as the "shift in investor consciousness from products to portfolios" gains strength, Mr. Wiedman said. BlackRock will continue to expand and innovate within its ETF business, Mr. Wiedman said, noting that the ETF industry is "a long way from maturity." BlackRock will continue to meet growing user utilization with new funds likely including factor-based, fixed-income and sustainable investment strategies, he said. Mr. Fink said greater investment in technology will be required as BlackRock enhances its Aladdin risk management system to become "the engine that will transform" the firm's investment processes as well as data analysis and operations.