The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:MFS Sees a 70 Percent Jump in Earnings Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, August 5, 2010

MFS Sees a 70 Percent Jump in Earnings

Reported by Armie Margaret Lee

Rob Manning and his team at MFS Investment Management [see profile] posted earnings of $46 million in the second quarter, up 70.3 percent from $27 million during the year-ago period.

Company officials attributed the rise mainly to higher average net assets, which grew to $191 billion in the second quarter of 2010 from $140 billion in the second quarter of 2009. Executives pointed to "strong net sales and improved performance in financial markets."

MFS pulled in net sales of $3.7 billion, compared with $4.9 billion in the year-ago period.

The Boston-based asset manager ended June with AUM of $183 billion. That's down from $195 billion at the end of March and up from $147 billion at end-June 2009. 

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2024: Q3Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use