Eaton Vance Corp. on Tuesday reported its assets under management totaled $280.7 billion as of Oct. 31, an increase of 4% from July 31 and a 41% rise from Oct. 31, 2012.
According to an earnings statement, the year-over-year increase in AUM reflects the December 2012 acquisition of the Clifton Group Investment Management, which ran $34.8 billion, by subsidiary Parametric Portfolio Associates. Also contributing were net inflows of $24.7 billion and market appreciation of $21.7 billion.
The quarterly increase in AUM reflects net inflows of $3.9 billion and market appreciation of $8 billion.
The company saw net inflows into long-term funds and separate accounts of $3.9 billion in the quarter, compared to net inflows of $8.8 billion and $2.2 billion during the previous quarter and year-earlier quarter, respectively.
For the fiscal year ended Oct. 31, Eaton Vance saw net inflows of $24.7 billion, compared to net inflows of $200 million in the previous fiscal year.
