Eaton Vance Corp. reported assets of $155.8 billion for the money management firms third quarter ended July 31, down 2.1% from the prior quarter but up 2% from the previous year, according to a company news release.
The 12-month increase in AUM occurred despite a 13% decline in the S&P 500 over the same period, the release said.
Market declines more than offset net inflows of $5.8 billion for the latest quarter, which were up from inflows of $4.9 billion for the prior quarter and $4.2 billion for the year-earlier quarter, the release said.
Net income for the quarter came to $49.6 million, down 6.8% from the prior quarter and off 11% from the year before. Revenue came to $282.8 million, up 3.4% from the prior quarter but down 1% from the year before.