Federated Investors reported $367.2 billion in assets under management as of June 30, down 1% from March 31 but up 5% from June 30, 2015, its second-quarter earnings release said Thursday.
Federated's equity assets were $61.9 billion as of June 30, up 10% from three months prior and up 13% from 12 months earlier. Equity net inflows totaled $2.8 billion in the second quarter, while market gains totaled $2.6 billion. The previous quarter saw net inflows of $2 billion and market gains of $926 million.
The money manager's fixed-income assets totaled $50.3 billion as of June 30, down 2% from March 31 and down 5% from June 30, 2015. Fixed-income net outflows totaled $1.9 billion for the quarter, and market gains totaled $984 million, compared to net outflows of $877 million and market gains of $985 million for the first quarter.
Money market assets, meanwhile, reached $255 billion at the end of the first quarter, down 3% from March 31 but up 5.3% from June 30, 2015.
For the quarter, total revenue was $286.7 million, up 5% from the previous quarter and up 26% from the second quarter of 2015. Net income for the second quarter, meanwhile, was $52.7 million, compared to net income of $48.8 million during the previous quarter and $41.8 million for the second quarter of 2015.
