Federated's equity assets totaled $62.4 billion as of Dec. 31, down 2.65% from three months earlier, but up 16.42% from a year earlier. Equity net outflows totaled $938 million in the fourth quarter, compared to $1.8 billion in net inflows in the third quarter and $131 million in net outflows for the fourth quarter of 2015. Market losses totaled $832 million compared to market gains of $444 million in the third quarter and market gains of $1.75 billion in the year-earlier quarter.
Federated's fixed-income assets were $51.3 billion as of Dec. 31, down 0.97% from Sept. 30, but up 0.39% year-over-year. Fixed-income net inflows totaled $274 million in the fourth quarter, and market losses, $748 million. This compares to net inflows of $746 million in the third quarter and market gains of $754 million. In the year-earlier quarter, there were net outflows $653 million and market losses of $295 million.
Money market assets totaled $252.2 billion at the end of 2016, up 1.53% from the end of the third quarter, but down 1.64% from the end of 2015.
Total revenue for the quarter was $289.9 million, down 1.6% from the prior quarter, but up 19% from the year-earlier quarter.
Net income for the quarter was $55.8 million, up 1.7% from the third quarter and up 17.3% from the fourth quarter of 2015.