Morgan Stanley had $440 billion in assets under management as of May 31, down from $442 billion as of February, according to a filing with the SEC today. For the quarter, Morgan Stanley's equity assets under management declined almost 2% to $226 billion; real estate declined 7% to $14 billion; and money market assets declined 4% to $75 billion. Fixed-income and alternative investment assets increased 1% and 11%, respectively.
Morgan Stanley's assets under management increased 6% for the year. The increase was attributed to market appreciation, which was "partly offset by customer outflows," according to the filing.
Morgan Stanley's asset management revenue for the quarter ended May 31 increased 13% compared with the same quarter one year ago, because of higher private equity revenue.
