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Money Management

Morgan Stanley’s AUM rises 3% in quarter as net inflows total $4.6 billion

Morgan Stanley (MS) Investment Management reported $447 billion in assets under management as of Sept. 30, up 3% from June 30 and up 7% from a year earlier, parent company Morgan Stanley's earnings statement showed on Tuesday.

Net inflows totaled $4.6 billion for the third quarter, compared to net inflows of $2.5 billion for the second quarter and net inflows of $3.9 billion for the quarter ended Sept. 30, 2016.

By asset class, fixed-income and liquidity strategies each had $1.8 billion in net inflows for the quarter, while alternatives and equities saw net inflows of $900 million and $100 million, respectively.

The earnings release also reported liquidity strategies had $156 billion in assets as of Sept. 30, up 1% from both June 30 and Sept. 30, 2016. Alternatives had $125 billion in AUM, up 3% from three months earlier and up 7% from the year earlier. Equity strategies had $97 billion, up 3% from three months earlier and up 17% from the year prior. Fixed income had $69 billion, up 5% from June 30 and up 10% from 12 months earlier.

Net revenue for MSIM totaled $675 million in the third quarter, up 2% from the previous quarter and up 22% from the year-earlier quarter.

Investment management's net income was $114 million for the third quarter, up 14% from the previous quarter and up 70% from the third quarter of 2016.