Federated Investors on Thursday reported assets under management of $379.8 billion as of Dec. 31, up 4% for the quarter and 3% from the end of 2011.
Equity assets came to $35 billion, down 1% from the prior quarter but up 13% from the year earlier. Net outflows in equities for the latest quarter totaled $163 million, compared with net inflows of $486 million in the previous quarter and net inflows of $738 million in the fourth quarter 2011.
Fixed-income assets reached a record $52.7 billion, up 3% from the prior quarter and up 18% from the year before. Net fixed-income inflows for the latest quarter were $848 million, compared with net inflows of $1.46 billion in the previous quarter and net inflows of $1.5 billion in the fourth quarter 2011.
Federated's money market assets came to $284.7 billion, up 6% from the prior quarter but a decline of 0.1% from the year before.
Liquidity portfolio assets totaled $7.34 billion, down 4.8% from Sept. 30 and down 17% from Dec. 31, 2011.
Revenue increased 3% in the fourth quarter and 13% for the year-earlier quarter, to $244.8 million. The increases for both time periods were partially attributed to a decrease in voluntary fee waivers related to certain money market funds.
Net income for the quarter came to $49.6 million, up 34% from the prior quarter but down 11% from the fourth quarter 2011.