Barclays Global Investors had $1.4 trillion in assets under management as of June 30, up 2.9% from Dec. 31 and nearly 22% from June 30, 2004, according to a statement issued by the firm. The statement cited BGI's active products for particularly strong performance, noting most funds outperformed their benchmarks.
The firm posted a pre-tax profit of £242 million ($429.8 million) for the six months ended June 30, up about 31% from £185 million at Dec. 31. Pre-tax profit increased 60% from June 30, 2004. Net fee and commission income rose £106 million, or roughly 23%, in the six-month period ended June 30, to £570 million. The increase in net fee and commission income was "driven by a sharp rise in management and incentive fees across all areas," the statement said.