State Street Global Advisors reported $2.448 trillion in assets under management as of Dec. 31, up 1.1% from three months earlier and up 4.4% from a year ago, said parent company State Street Corp.'s earnings announcement Friday.
Equities reached $1.475 trillion in assets as of Dec. 31, up 4.5% from Sept. 30 and up 7.2% from Dec. 31, 2013. Fixed-income AUM was $319 billion, down 5.6% from three months earlier and down 2.4% from a year earlier.
Cash, meanwhile, was $399 billion, down 2.7% from Sept. 30 but up 3.6% from Dec. 31, 2013. Multiasset-class solutions reached $127 billion, down 8% from three months ago and down 4.5% from a year ago. Alternatives were $128 billion, up 2.4% both from three months prior and 12 months before.
Net inflows for the fourth quarter totaled $7 billion, comprising net inflows of $36 billion in ETFs, long-term institutional net outflows of $20 billion and net cash outflows of $9 billion.
SSgA's investment management fees totaled $299 million for the quarter ended Dec. 31, down 5% from the previous quarter but up 3% from the year-earlier quarter.
Total assets under custody and administration were $28.19 trillion, down 1% from Sept. 30 but up 2.8% from Dec. 31, 2013.
State Street Corp.'s reported revenue of $2.63 billion in the fourth quarter, up 2% from the third quarter and up 7% from the fourth quarter of 2013.
State Street's net income, meanwhile, was $525 million for the latest quarter, down 3.1% from the previous quarter and down 3.7% from the fourth quarter of 2013.