Morgan Stanley Investment Management reported $360 billion in assets under management in the third quarter, up 3.75% from the previous quarter and an 8.76% increase from the year before, according to parent company Morgan Stanley's earnings release on Friday.
Net inflows totaled $1.8 billion, compared with net inflows of $9.8 billion in the second quarter and net inflows of $10.8 billion in the third quarter of 2012.
By asset class, net inflows of $3.9 billion went into liquidity products, $500 million into alternatives and $200 million into merchant banking. Fixed income saw net outflows of $2.5 billion, while real estate had net outflows of $300 million.
According to the earnings release, $133 billion of AUM was in equities in the third quarter, up 6% from June 30. Liquidity products had $110 billion in assets, up 4%; fixed income, $58 billion, down 2%; alternatives, $30 billion, up 3%; merchant banking, $9 billion, up 13%; and real estate, $20 billion, unchanged from the end of the previous quarter.
Net revenue for MSIM totaled $828 million in the third quarter, up 23% from the previous quarter and 31.2% above the year-earlier quarter.
Investment management net income totaled $135 million in the third quarter, up 34% from the second quarter and 30% above the $104 million reported in the quarter ended Sept. 30, 2012.
