Assets under management share of State Street by investment approach 2023
The majority of assets under management (AUM) of Boston-based financial services company State Street in 2023 were passively managed. Passively managed assets comprised over three quarters of the company's 3.5 trillion U.S. dollars in total AUM as of December 31, 2023. Passively managed assets replicate a specific benchmark or index, while active management requires an account manager to frequently buy and sell in order to outperform a specific benchmark or index. As a result of the extra work required, actively managed accounts generally attract much higher fees for investors.
