Federated’s total managed assets were $377.3 billion at March 31, 2013, up $13.7 billion or 4 percent from $363.6 billion at March 31, 2012 and down $2.5 billion or 1 percent from $379.8 billion reported at Dec. 31, 2012. Average managed assets for Q1 2013 were $381.2 billion, up $11.1 billion or 3 percent from $370.1 billion reported for Q1 2012 and up $12.5 billion or 3 percent from $368.7 billion reported for Q4 2012.
"With more than 80 percent of Federated’s rated equity-fund assets finishing in the top half of their respective categories for the one-year period, we saw strong demand for a range of strategies, including our Kaufmann large growth portfolio, international equity funds and balanced products," said J. Christopher Donahue, president and chief executive officer. "At the same time, we continued to see significant sales in a variety of income-oriented strategies, both equity and fixed income."
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Federated’s board of directors declared a quarterly dividend of $0.24 per share. The dividend is payable on May 15, 2013 to shareholders of record as of May 8, 2013. During Q1 2013, Federated purchased 131,472 shares of Federated class B common stock for $2.7 million.
Federated’s equity assets were $37.9 billion at March 31, 2013, up $3.8 billion or 11 percent from $34.1 billion at March 31, 2012 and up $2.9 billion or 8 percent from $35.0 billion at Dec. 31, 2012. Top-selling equity funds during Q1 2013 on a net basis were Federated Kaufmann Large Cap Fund, Federated International Strategic Value Dividend Fund, Federated Capital Income Fund, Federated International Leaders Fund and Federated Managed Volatility Fund II.
Federated’s fixed-income assets were a record $52.8 billion at March 31, 2013, up $6.6 billion or 14 percent from $46.2 billion at March 31, 2012 and up $0.1 billion from $52.7 billion at Dec. 31, 2012. Bond assets in the liquidation portfolio were $7.0 billion at March 31, 2013. Fixed-income sales during Q1 2013 were driven by net sales in Federated Institutional High Yield Bond Fund, Federated’s short-duration products, Federated Floating Rate Strategic Income Fund and Federated Bond Fund.
Money market assets in both funds and separate accounts were $279.7 billion at March 31, 2013, up $5.0 billion or 2 percent from $274.7 billion at March 31, 2012 and down $5.0 billion or 2 percent from $284.7 billion at Dec. 31, 2012. Money market mutual fund assets were $242.7 billion at March 31, 2013, down $2.5 billion or 1 percent from $245.2 billion at March 31, 2012 and down $13.0 billion or 5 percent from $255.7 billion at Dec. 31, 2012.
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