Federated Investors, Inc. today reported an uptick in its assets and sales for the quarter ended March 31.
Federated's total managed assets were $363.6 billion, up $8.7 billion or 2% from $354.9 billion at March 31, 2011 and down $6.1 billion or 2% from $369.7 billion reported at Dec. 31, 2011. Combined equity and fixed-income net sales for funds and separate accounts were a positive $1.4 billion for Q1 2012.
“Investors' growing demand for income and Federated's broad array of high-quality income-oriented products continued to prove beneficial for our company during the first quarter,'' said J. Christopher Donahue, president and chief executive officer, in a statement.
“Equity assets increased 8% over the past 12 months driven by substantial inflows into our dividend-driven Strategic Value lineup. Our fixed-income assets increased 11% over the same period amid continued investor interest in our high yield-oriented and multisector bond offerings.''
Specifically, Federated's equity assets were $34.1 billion at March 31, 2012, up $2.5 billion from $31.6 billion at March 31, 2011 and up $3.2 billion or 10% from $30.9 billion at Dec. 31, 2011.
The firm's fixed-income assets were $46.2 billion at March 31, 2012, up $4.4 billion from $41.8 billion at March 31, 2011 and up $1.4 billion from $44.8 billion at Dec. 31, 2011.