Eaton Vance assets slip 1.5 percent from April

July 13, 2011

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BOSTON—Investment manager Eaton Vance Corp. said Wednesday assets under management at June 30 fell 1.5 percent from the end of the company's fiscal second quarter.

Assets stood at $200 billion on June 30 compared with $203 billion on April 30.

Eaton Vance regularly reports assets under management on a fiscal quarter-end basis -- January, April, July and October. The company also reports assets under management on a calendar quarter basis to assist industry consultants who advise institutional clients on investment manager selection.

The biggest drop at June 30 came in equities, which fell 3.4 percent to $118.5 billion from $122.7 billion.

Fixed income was nearly flat at $44.5 billion, compared with $44.2 billion at the end of the second quarter. Floating-rate income rose to $25.3 billion at the end of June, compared with $24.2 billion on April 30.

The decline came from every client group including funds, retail managed accounts, institutional separate accounts and high-net-worth separate accounts, Eaton Vance said.

Shares of Boston-based Eaton Vance lost 4 cents to $28.87 in afternoon trading.