Federated Investors reported $349.7 billion in assets under management as of June 30, down 2% from three months earlier and down 1% from a year prior, said its second-quarter earnings release Thursday.
Federated's equity assets were a record $54.8 billion at June 30, up 1% from three months ago and up 10% from a year ago.
Equity net inflows totaled $831 million in the second quarter, while market losses totaled $85 million. The previous quarter saw net inflows of $1.6 billion and market gains of $942 million.
The money manager’s fixed-income assets were $52.9 billion, up 1% from March 31 and up 4% from the same time a year ago.
Net fixed-income outflows totaled $276 million for the quarter and market losses totaled $360 million, vs. $333 million and $559 million in net inflows and market gains, respectively, the previous quarter.
Money market assets were $242 billion at June 30, down 2% from March 31 and down 1% from June 30, 2014.
For the quarter, total revenue was $228.1 million, up 3% from the previous quarter and up 7% from the second quarter of 2014. Net income for the second quarter, meanwhile, was $41.8 million, up 15% from the previous quarter and up 13% year-over-year.