Morgan Stanley Investment Management
] has nearly doubled its net flows in 2012, compared to the year prior.
Today Morgan Stanley released its quarterly earnings report, including an update on its asset management arm.
The net flows for the traditional asset management business in Q3 was $11 billion. This is down from $13.1 billion in Q2, but up from outflows of $6.4 billion a year ago.
For the year to date, the traditional asset management business has had $23.6 billion in inflows, compared with $12.2 billion for the same period in 2011. This brings the total AUM to $303 billion.
The mutual fund business of the financial giant had revenue of $437 million last quarter, up from $408 million in Q2 2012 and $392 in Q3 2011. For the year, the revenue is thus far $1.256 billion, up 4 percent from a year ago.
Read the financial report from Morgan Stanley here
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