Morgan Stanley (MS) Investment Management reported $435 billion in assets under management as of June 30, up 3% from March 31 and up 7% from a year earlier, parent company Morgan Stanley's earnings statement showed on Wednesday.
Net inflows totaled $2.5 billion for the second quarter, vs. net outflows of $8.2 billion for the first quarter and net outflows of $1.7 billion for the quarter ended June 30, 2016.
By asset class, fixed-income strategies had $2 billion in net inflows for the quarter, while equities and alternatives saw net inflows of $400 million and $300 million, respectively. Liquidity strategies, meanwhile, experienced net outflows of $200 million.
The earnings release also reported liquidity strategies had $154 billion in assets as of June 30, up 2% from March 31 and up 5% from a year prior. Alternatives had $121 billion in assets, up 2% from three months earlier and up 5% from the year earlier. Equity strategies had $94 billion, up 8% from three months earlier and up 16% from the year prior. Fixed income had $66 billion, up 6% from March 31 and up 8% from 12 months earlier.
Net revenue for MSIM totaled $665 million in the second quarter, up 9% from the previous quarter and up 14% from the year-earlier quarter.
Investment management's net income was $100 million for the second quarter, up 49% from the previous quarter and up 28% from the second quarter of 2016.