Federated Investors AUM rises 2.3% for quarter

Federated Investors (FII) on Thursday reported assets under management of $364.1 billion as of Sept. 30, up 2.3% from the previous quarter and 3.5% above a year earlier.

Money market funds, which make up 74% of the company's total assets under management, totaled $269.6 billion as of Sept. 30, up 1.5% from the previous quarter and down 0.7% from a year before.

Equity funds had net outflows of $73 million and equity separate accounts had $559 million in net inflows in the third quarter, while fixed-income funds had $1.35 billion in net inflows and fixed-income separate accounts had $107 million in net inflows.

Total equity market gains were $1.5 billion, while total fixed-income market gains were $911 million.

Total Federated revenues in the third quarter were $238.5 million, up 2.7% from the previous quarter and up 11.4% from the year before. Net income in the quarter was $55.7 million, up 45.5% from the previous quarter and up 38% from the year before.