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Money Management

Federated Investors’ AUM sees little change for quarter, year

Federated Investors (FII) reported $363.7 billion in assets under management as of Sept. 30, up 1% from June 30 but flat from Sept. 30, 2016, the company said in its third-quarter earnings statement released Thursday.

Federated's equity assets reached a record $67.1 billion as of Sept. 30, up 2% from June 30 and up 5% from a year earlier. Net equity outflows totaled $700 million in the third quarter, compared to net outflows of $966 million in the second quarter and net inflows of $1.8 billion in the third quarter of 2016.

The firm's fixed-income assets were $52.8 billion as of Sept. 30, up 1% from the end of the previous quarter and up 2% from the same time a year prior. Net outflows for fixed income totaled $310 million for the quarter vs. net inflows of $14 million for the previous quarter and net inflows of $746 million for the same time a year prior.

Money market assets were $243.8 billion, up 1% from June 30 but down 2% from Sept. 30, 2016.

Total revenue for the quarter was $278.3 million, up 2% from the prior quarter but down 6% from the year-earlier quarter. Net income for the quarter was $56.4 million, up 6% from the second quarter and up 3% from the third quarter of 2016.