Federated Investors reported $362.9 billion in assets under management as of Dec. 31, up 3% from three months earlier but down 3.5% from a year earlier, said its fourth-quarter earnings release Thursday.
Federated reported a new high for total equity assets of $51.4 billion as of Dec. 31, up 2.2% from Sept. 30, which was the previous record, and up 16.6% from Dec. 31, 2013.
In the fourth quarter, equity net inflows totaled $576 million, and market gains totaled $522 million. The previous quarter, equity net inflows of $1.6 billion made up for market losses totaling $1.2 billion.
Fixed-income assets as of Dec. 31 totaled $52.7 billion, up 2.9% from three months earlier and 5.2% from a year earlier.
Net fixed-income inflows for the quarter totaled $1.4 billion, while fixed-income market gains totaled $163 million. In the third quarter, fixed-income net inflows totaled $233 million, just making up for fixed-income market losses for the quarter of $176 million.
Money market assets in both mutual funds and separate accounts totaled $258.8 billion as of Dec. 31, up 5.4% from Sept. 30, but down 6.2% from a year earlier.
Total revenue for the fourth quarter was $217.86 million, up 0.4% from the previous quarter and up 1.5% from the same period in 2013.
Net income for the fourth quarter also saw an increase from the previous quarter, up 5.4% to $39.61 million. Compared to the same period last year, net income dropped slightly, by 3.6%.