took in $1.094 billion in quarterly net inflows in its open-ended long-term mutual funds, the Boston-based fund company revealed in its fourth-quarter earnings release
The $1.094 billion figure is slightly lower than the $1.165 billion figure posted in the three months ending October 31 last year, and significantly lower than the $1.825 billion gained through flows in the three months ending July 31, 2009.
Net income at Eaton Vance rose to $48.4 million in its fiscal Q4 2009 (ended October 31), an increase of 39 percent over the $35.0 million posted last year, and an increase of 55 percent over the $31.2 million posted in Q3 2009.
The 39 cents per share in earnings beat the average forecast of 33 cents, The Wall Street Journal reports
Total assets under management increased to $154.9 billion, from $143.7 billion posted at the end of Q3 2009, and up from $123.1 billion at the end of Q4 2008.
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