Great time to get back into market: BlackRock's Fink

For investors who can live with the current volatility in global markets, this is a great time to get back into the market, BlackRock CEO Laurence Fink told CNBC's "Squawk Box."

While fears persist over global growth, uncertainty in Europe, and the meltdown in oil markets, Fink said he has not seen more than one sovereign fund sell equities this month.

"I'm pretty optimistic here because of this meltdown," said Fink, noting that plummeting gas prices amount to a huge tax cut for the world. He sees lower gas prices spurring growth in emerging markets, particularly in India, and shaving 30 to 40 cents off the price at the pump for American consumers.

Fink made his comments after BlackRock reported third-quarter earnings that topped analysts expectations.

Shares of the firm moved higher in premarket trading following the report. (Get the latest quote here.)

Larry Fink
Adam Jeffery | CNBC
Larry Fink

The New York-based asset manager reported net income of $917 million, or $5.37 per share, up from $730 million, or $4.21 per share, a year earlier.

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The world's largest money manager posted earnings excluding items of $5.21 a share on revenue of $2.85 billion.

Analysts had expected the firm to report earnings of $4.66 a share on revenue of $2.82 billion.

The company said that its efforts to fix its fixed-income business are now showing results.

BlackRock ended the quarter with $4.5 trillion in assets under management. It had $28.7 billion in net inflows, up almost 4 percent from a year earlier.

Third-quarter inflows were almost evenly split between equity and fixed income funds, with $10.2 billion going into its equity funds and $11.1 billion into its fixed income funds. Multi-asset funds had $7.4 billion in inflows.

Investors pulled $80 million from BlackRock's alternative funds in the third quarter.

Sixty-two percent of new investor money went into BlackRock's iShares exchange-traded fund business, which had $18.2 billion in inflows. Institutional investors added $5.5 billion to BlackRock's funds, and the company's retail funds had $5 billion in inflows.

Reuters contributed to this report.