Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Nuveen Ends Year with a Bang Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, January 19, 2005

Nuveen Ends Year with a Bang

Reported by Theresa Sim

Nuveen Investments continued chug away in the fourth quarter. The money manager grew assets under management by eight percent in the fourth quarter, from $106.9 billion to $115.4 billion. Year over year, the Chicago-based asset manager added more than 21 percent in AUM.

Diluted earnings per share for the asset manager were $0.45 for the fourth quarter, up from $0.41 at the end of the third quarter and $0.39 per diluted share the year before. The results beat analysts' expectations by two pennies.

Exchange-traded funds, the firm's largest product category, increased by two percent quarter over quarter.

The biggest gain by product type came from institutional managed accounts which grew from the third quarter by 19 percent, from $13.1 billion to $15.6 billion. Mutual fund assets under managed grew slightly by three percent, from $12.3 billion at the end of the third quarter to $12.7 billion at the end of the fourth. Retail managed accounts grew 15 percent to $40.0 billion at the end of the year.

At year's end, ETFs made up 43 percent of total AUM, retail managed accounts made up 32 percent, institutional managed accounts made up 12 percent and mutual funds made up 11 percent. AUM by product type remained largely unchanged from the third quarter.

Nuveen grew investment management fee revenue 5.1 percent to $127.1 million from $121.0 million in the third quarter. 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2023: Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2023
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use