Federated Investors on Thursday reported assets under management of $363.8 billion as of June 30, down 4% from March 31 but up 2% from a year before.
Equity assets for the quarter were $38.7 billion, up 2% from the first quarter and 17% higher than June 30, 2012, according to an earnings statement. Net inflows in equities for the latest quarter totaled $383 million, compared with net outflows of $98 million in the previous quarter and net inflows of $482 million in the second quarter of 2012.
Fixed-income assets were $50 billion, down 5.3% from a record $52.8 billion in the prior quarter but up 2% from a year before. Net fixed-income outflows for the latest quarter were $1.81 billion, compared with net inflows of $25 million in the previous quarter and net inflows of $2.88 billion in the year-earlier quarter.
Federated's total money market assets came to $268.5 billion, down 4% from three months earlier and an increase of 1% from a year ago. Money market mutual fund assets were $232.9 billion, down 4% from March 31 and down 2% from a year earlier.
Revenue in the second quarter was $223 million, a 2% decrease from three months earlier and down 4% from the year-earlier quarter.
Net income for the quarter came to $40.4 million, down 6.4% from the first quarter and unchanged from the second quarter 2012.