Although investors at
Alliance said today its assets under management fell 0.7% between November and December of last year. As of the end of last month, the firm oversaw $455 billion compared to $458 billion in November.
But assets increased 0.2% during the calendar year ended Dec. 31 from $454 billion in December of 2000.
Investors, meanwhile, shifted their focus from growth equity funds to fixed-income and value products, the firm said. Assets in growth equity funds declined 11.6% while value equity assets rose 11% and fixed-income assets increased 13.1%
