November 20, 2012 / 2:00 PM / 5 years ago

Eaton Vance profit rises on strong inflows

1 Min Read

Nov 20 (Reuters) - Asset manager Eaton Vance Corp's fourth-quarter profit rose, helped by strong inflows of client money.

For the quarter ended Oct. 31, net income attributable to shareholders rose to $53.1 million, or 45 cents per share, from $46.8 million, or 40 cents per share, a year earlier.

The company reported net inflows from its long-term funds and separate accounts of $2.2 billion, compared with net outflows of $2.7 billion in the year-earlier quarter.

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