Morgan Stanley Investment Management reported $373 billion in assets under management as of Dec. 31, up 4% from Sept. 30 and a 10% increase from a year earlier, according to parent company Morgan Stanley's earnings release on Friday.
Net inflows totaled $4.2 billion for the quarter ended Dec. 31, compared with net inflows of $1.8 billion in the third quarter and net inflows of $1.2 billion in the fourth quarter of 2012.
By asset class, net inflows of $2.2 billion went into fixed income, $1.8 billion into liquidity strategies, $1.1 billion into alternatives and $400 million into real estate. Equity saw net outflows of $1.1 billion, while merchant banking had net outflows of $200 million.
The earnings release also reported that $140 billion of AUM was in equities at the end of the fourth quarter, up 5% from the end of the third quarter. Liquidity strategies had $112 billion in assets, up 2%; fixed income, $60 billion, up 3%; alternatives, $31 billion, up 3%; real estate, $21 billion, up 5%; and merchant banking, $9 billion, unchanged from the end of the previous quarter.
Net revenue for MSIM totaled $842 million in the fourth quarter, up 2% from the previous quarter and 41% above the year-earlier quarter.
Investment management net income totaled $183 million in the fourth quarter, up 36% from the third quarter. MSIM reported a $7 million loss during the quarter ended Dec. 31, 2012.