Eaton Vance Corp. on Wednesday reported record assets under management of $203 billion as of the April 30 close of the firm's fiscal second quarter, up 6% from the prior quarter and up 15% from the year before.
The Boston-based firm reported combined net inflows of $2.9 billion for its long-term mutual funds and separate accounts, up from $1.8 billion in the previous quarter but down from $5.3 billion the year before.
By major business segment, flows to the firm's open-end mutual funds and retail managed accounts came to $2.8 billion and $768 million, respectively, for the latest quarter, offsetting outflows of $268 million from institutional accounts.
Net income for the latest quarter came to $53.8 million, down 9% from the prior quarter but up 17% from the year before. Revenues came to $325.8 million, up 4% from the prior quarter and up 19% from the year before.