Federated Investors on Thursday reported assets under management of $351.6 billion as of June 30, down 4% from the previous quarter and down 3% from a year earlier.
Federated's total equity assets as of June 30 were a record $49.9 billion, a 9% increase from the previous quarter and up 29% from the previous year. Equity market gains and reinvestments totaled $2.48 billion, while net inflows accounted for $1.52 billion.
Fixed-income assets were $51.1 billion at June 30, relatively unchanged from the previous quarter and up 2% from the same period the year prior. Fixed-income market gains and reinvestments totaled $630 million, while net outflows totaled $775 million.
Money market assets in both mutual funds and separate accounts were $245.2 billion at the end of the second quarter, down 7% from the first quarter and down 9% from the second quarter of 2013.
Liquidation portfolio assets totaled $5.41 billion as of June 30, down 5% from a quarter earlier and down 18% from the previous year.
Revenue for the second quarter totaled $212.98 million for the company, up 1% from the first quarter but down 5% from the same period the year before. Net income, meanwhile, reached $36.87 million for the quarter ended June 30, a 5% increase from the previous quarter but a 9% decrease from the second quarter of 2013.
