State Street Global Advisors reported $2.35 trillion in assets under management as of Dec. 31, up 4.6% from Sept. 30 and up 12.4% from a year earlier, according to parent company State Street Corp.'s fourth-quarter earnings report Friday.
SSgA's equity AUM reached $1.38 trillion as of Dec. 31, up 8.4% from Sept. 30 and up 26% from a year ago. Fixed-income assets totaled $327 billion, down 1.2% and down 4.4%, respectively; cash was $385 billion, down 0.3% and up 4.3%; multiasset class solutions totaled $133 billion, up 4% and up 13.7%; and alternatives were $124 billion, down 2.4% and down 25.3%.
Assets under custody and administration were $27.43 trillion at Dec. 31, up 5.4% from Sept. 30 and up 12.5% from a year earlier.
Net income for State Street Corp. totaled $514 million for the quarter ended Dec. 31, down 4.3% from the previous quarter and down 1.3% from the year-earlier quarter. Revenue totaled $2.53 billion for the quarter, up 2.4% from the previous quarter and up 2.6% from the fourth quarter of 2012.
