State Street Global Advisors had $2.421 trillion in assets under management as of Sept. 30, down 2.4% from three months earlier but up 8% from a year ago, said parent company State Street Corp.'s earnings announcement Friday.
Equities reached $1.411 trillion in assets as of Sept. 30, down 1.5% from June 30 but up 11% from Sept. 30, 2013. Fixed-income AUM was $338 billion, down 4% from three months earlier but up 2% from a year earlier.
Cash, meanwhile, was $410 billion, down 1% from June 30 but up 6.2% from Sept. 30, 2013. Multiasset-class solutions reached $138 billion, down 8% from three months ago but up 8% from a year ago. Alternatives were $124 billion, down 7% from three months prior and down 2.4% from 12 months before.
SSgA's investment management fees totaled $316 million for the quarter ended Sept. 30, up 5.3% from the previous quarter and up 14.5% from the year-earlier quarter.
Total assets under custody and administration were $28.47 trillion, up 0.2% from June 30 and up 9.3% from Sept. 30, 2013.
State Street's Corp. reported revenue of $2.58 billion in the third quarter, down 1% from the second quarter but up 6% from the third quarter of 2013.
State Street's net income, meanwhile, was $542 million for the latest quarter, compared to $602 million in the previous quarter and $531 million in the year-ago quarter.
