Federated Investors reported $352.3 billion in assets under management as of Sept. 30, a 0.2% increase from the previous quarter but down 3.9% from the previous year.
Federated’s total equity assets as of Sept. 30 set a record for the company at $50.3 billion, up 0.8% from the previous quarter, also a record, and up 24.8% from the previous year, said its third-quarter earnings report released Thursday.
For the quarter, equity net inflows of $1.6 billion were able to make up market losses totaling $1.2 billion. In the second quarter, equity market gains and reinvestments totaled $2.5 billion, while net inflows accounted for $1.5 billion.
Fixed-income assets as of Sept. 30 totaled $51.2 billion, up 0.1% from the previous quarter, and a 0.2% increase from the previous year.
Net fixed-income inflows totaled $233 million, just making up for fixed-income market losses for the quarter of $176 million. In the second quarter, 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 totaled $245.5 billion as of Sept. 30, up 0.1% from the previous quarter and down 9.2% from the previous year.
Liquidation portfolio assets were $5.2 billion at the end of the third quarter, down 0.4% from the previous quarter and down 16.1% from the previous year.
Total revenue for the third quarter was $216.92 million, up 1.9% from the previous quarter and up 2.4% from the same period in 2013. Net income for the third quarter also saw a slight increase from the previous quarter, up 1.9% to $37.56 million. Compared to the same period last year, net income dropped slightly, by 0.4%.
