Barclays Global Investors had $1.6 trillion in assets under management as of June 30, up 7% from Dec. 31 and up 14% from the previous year, according to a news release. The increase in the first half of 2006 included $30 billion in net new assets. BGI's active and iShares businesses increased assets during the first half of the year, while its managed index business fell.
Assets in BGI's active business increased 0.5% to $376 billion as of June 30, from $374 billion six months earlier. Managed cash and other assets totaled $202 billion as of June 30, up 10% from $183 billion on Dec. 31. Indexed assets were $1 trillion as of June 30, down 2.5% from $1.1 billion at the end of December. BGI's iShares ETF unit had $234 billion in assets as of June 30, up 10% from $213 billion at the end of 2005.
Overall net fee and commission income was $1.6 billion as of June 30, up 47% from the year before, the result of increased management and incentive fees, particularly in the iShares and active business, according to the release.
Also, Putnam Investments reported $180 billion in assets under management at the end of the second quarter, a 4.8% decrease from the previous quarter, according to a regulatory filing by the investment manager's parent company, Marsh & McLennan Cos. Inc. Putnam's institutional assets dropped by 3.2% to $61 billion during the quarter, and mutual fund assets declined by 5.6% to $119 billion. Roughly $4 billion of the decrease came from a decline in growth-oriented mutual funds, which dropped 13% to $27 billion during the quarter.
For the year, Putnam's AUM declined 7.7%, with mutual fund assets slipping 9.8% and institutional assets dropping by 3.2%.
Overall, Putnam's revenues were $339 million in the second quarter, a 10% decrease from the previous quarter.
