Our Indexed Fixed Income franchise has been a particular highlight for State Street Global Advisors. And that has remained the case in 2022, despite considerably less favourable market conditions than last year.
2021 was a banner year for State Street Global Advisors and we generated +$77 billion in indexed fixed income flows. Turbulent markets driven by accelerating inflation, increasingly hawkish central banks, and the war in Ukraine have disrupted this momentum in the current year. Notwithstanding this, we still achieved solid positive inflows of +$18 billion into our indexed fixed income book in the first nine months of 2022, with increased allocations to Treasuries offsetting some of the withdrawals from multi-sector and high yield exposures driven by risk-off sentiment. As of the end of September 2022, we manage almost $475 billion in dedicated fixed income indexed assets, distributed across a broad range of exposures.