Indexed Fixed Income at State Street Global Advisors: A Snapshot
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.
This information is for informational purposes only, not to be construed as investment advice or a recommendation or offer to buy or sell any security. Investors should always obtain and read an up-to-date investment services description or prospectus before deciding whether to appoint an investment manager or to invest in a fund. Any views expressed herein are those of the author(s), are based on available information, and are subject to change without notice. Individual portfolio management teams may hold different views and may make different investment decisions for different clients. There are no guarantees regarding the achievement of investment objectives, target returns, portfolio construction, allocations or measurements such as alpha, tracking error, stock weightings and other information ratios. The views and strategies described may not be suitable for all investors. SSGA does not provide tax or legal advice. Prospective investors should consult with a tax or legal advisor before making any investment decision. Investing entails risks and there can be no assurance that SSGA will achieve profits or avoid incurring losses.
Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted.