Two index managers for the first time each topped $1 trillion in worldwide indexed assets under management, according to Pensions & Investments' latest survey of the leading managers of indexed assets.
Barclays Global Investors, San Francisco, held its place as the top manager of worldwide indexed assets with nearly $1.1 trillion as of June 30, a market-adjusted increase of 14.6% from $957.2 billion as of Dec. 31.
State Street Global Advisors, Boston, came in at $1.06 trillion, a market-adjusted increase of 12.4% from $925 billion as of Dec. 31.
Worldwide assets under internal indexed management totaled $3.5 trillion as of June 30, up 10.6% from $3.2 trillion as of Dec. 31. On a market-adjusted basis, total worldwide assets went up an impressive 8.4%.
During the six months ended June 30, the Russell 3000 index returned 3.59%; the Citigroup Broad Investment Grade Bond index returned 0.18%; the Morgan Stanley Capital International Europe Australasia Far East index, 4.86%; and the J.P. Morgan Non-U.S. Government Bond index, -1.89%.
While BGI reigned in worldwide assets, in U.S. institutional tax-exempt assets under internal indexed management, SSgA surged past BGI, reporting $618.1 billion in assets as of June 30, a market-adjusted 4.6% increase from $578.7 billion reported as of Dec. 31.