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

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

Rating:Fund Firm Q3 Earnings Reports Flow In Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, October 26, 2012

Fund Firm Q3 Earnings Reports Flow In

News summary by MFWire's editors

Third quarter earnings are pouring in from mutual fund firms this week.

The Wall Street Journal took note of yesterday's mutual fund family earnings reports: Franklin Resources and Janus.

Franklin's earnings beat the analysts' expectations, and the company's profit rose 18 percent. AUM stands at $749.9 billion, up $90 billion from a year earlier.

Janus' profits were down on $2 billion of net outflows. The firm's $209 million in total revenue beat the WSJ's analysts' expectations.

The Associated Press reported that in Q3, Federated's revenue increased 11 percent, to $238.5 million, on a decrease in money fund fee-waivers and improvement in money fund returns. AUM increased 3.5 percent from a year earlier, reaching $364.1 billion.

Legg Mason enjoyed its first quarter of positive net flows since 2007, and its profit "soared" 42 percent, Reuters reported. Despite $5.7 billion of equity outflows and $3.8 billion of bond fund outflows, LM had a net positive flow of $200 million thanks to $9.7 billion that came into the firm's money market funds. Total AUM is $650.7 billion, up nearly $20 billion from the quarter before.

IndexUniverse reports that WisdomTree Investments third-quarter net income nearly tripled from a year earlier, and the firm earned $4.5 million in profit, compared to $1.4 million a year ago. Net inflows neared $1 billion for the New York-based ETF provider.  

Edited by: Chris Cumming

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

 Do You Recommend This Story?

Return to Top
 News Archives
2020: Q3Q2Q1
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. 1997-2020
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use