State Street Global Advisors had $2.511 trillion in assets under management as of Dec. 31, down 10.6% from three months earlier and 9.7% lower than a year earlier, according to parent State Street Corp.'s earnings release Friday.
SSGA experienced total net outflows of $47 billion in the fourth quarter, compared to net inflows of $8 billion the previous quarter and net inflows of $6 billion in the fourth quarter of 2017.
By asset class, alternatives were the only category with net inflows of $1 billion in the most recent quarter. Net outflows in the fourth quarter were reported as follows: cash, $30 billion; equity, $11 billion; fixed income, $5 billion; and multiasset strategies, $2 billion.
SSGA's long-term institutional strategies all experienced net outflows, totaling $13 billion in the fourth quarter. Net outflows from equity were $6 billion; fixed income, $4 billion; multiasset, $2 billion; and alternatives, $1 billion.
Equities managed by SSGA were $1.544 trillion as of Dec. 31, down 13.7% from Sept. 30 and down 11.5% from Dec. 31, 2017.
Fixed income accounted for $422 billion, down 0.2% from three months earlier but up 1.9% from a year earlier.