Goldman Sachs reported $1.406 trillion in assets under supervision for its Goldman Sachs Asset Management and wealth management businesses as of June 30, up 2% from three months earlier and up 7% from a year earlier, its second-quarter earnings statement showed Tuesday.
Net inflow for the quarter were $16 billion, versus net outflows of $30 billion for the previous quarter and net inflows of $4 billion for the second quarter of 2016. The second quarter saw net inflows of $13 billion in alternatives, net inflows of $7 billion in fixed income and net inflows of $5 billion in equities. Liquidity strategies recorded net outflows of $9 billion.
By asset class, Goldman Sachs reported $634 billion in fixed-income assets as of June 30, up 3% from March 31 and up 9% from June 30, 2016; $314 billion in liquidity strategies, down 3% from both the end of the previous quarter and from the end of the year-earlier quarter; $293 billion in equities, up 5% from March 31 and up 15% from June 30, 2016; and $165 billion in alternative investments, up 6% from three months prior and up 10% from 12 months previous.
Net revenues in investment management were $1.53 billion for the second quarter of 2017, 2% lower than the first quarter and 13% higher than the second quarter of 2016. The increase in net revenues compared with the second quarter of 2016 was primarily due to higher management and other fees.
Investment management and other fees were $1.28 billion for the quarter ended June 30, up 5% from the previous quarter and up 9% from the year-earlier quarter.