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Wednesday, November 13, 2013|
October AUM Update: Cohen and Steers Leads
Of six publicly traded asset managers, all but one saw a rise in assets under management last month of at least two percent.
Of the six , Cohen & Steers [profile] may have had the best October. The New York City-based mutual fund shop's AUM increased 3.1 percent in October to $14.146 billion.
Franklin Templeton [profile] reported a 2.9 percent AUM increase to $868.9 billion on October 31. At Invesco [profile], AUM rose 2.5 percent in October to $763.9 billion. Legg Mason's [profile] AUM climbed 2.1 percent to $669.9 billion. And Manning and Napier's [profile] AUM grew by 2.0 percent to $50.1 billion.
Meanwhile, AllianceBernstein's [profile] AUM only climbed 0.2 percent ($1 billion) in October to $446 billion. Yet that increase came despite AllianceBernstein's loss of about $7 billion in AUM at the beginning of October thanks to the sale by its parent, Axa, of MONY Life Insurance Company.
Printed from: MFWire.com/story.asp?s=46736
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