Barclays Global Investors’ operating profit rose 18% to £33 million ($50 million) in the first six months of this year. For the first half of 1999, profit was £28 million, according to BGI’s interim report.
New business flows were especially strong in the United States, the United Kingdom and Japan, the report said. Total assets under management reached £529 billion at year-end 1999, of which nearly 80% consisted of indexed funds.
