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Rating:SSgA Turns Assets and Revenues Around Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, July 21, 2009

SSgA Turns Assets and Revenues Around

Reported by Neil Anderson, Managing Editor

State Street Global Advisors' second quarter looks better than its first. AUM rose 11.6 percent from $1.395 trillion on March 31 to $1.557 trillion on June 30, while the unit's investment management fees climbed seven percent from $181 million in Q1 to $193 million in Q2.

Those improvements are in spite of SSGA's year-over-year numbers. AUM fell 18 percent from $1.894 trillion on June 30, 2008, while fees fell 31 percent from $280 million in Q2 2008. 

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