Aug 21 Asset manager Eaton Vance Corp
reported a 30 percent rise in adjusted profit in the third
quarter as customers put more money into the company's funds.
Net income attributable to shareholders fell to $23.2
million, or 18 cents per share, in the quarter ended July 31,
from $50.2 million, or 43 cents per share, a year earlier.
The fall in net income was mainly due to $52.9 million in
costs incurred on retirement of debt.
Excluding items, adjusted net income rose 30 percent $66.5
million, or 52 cents per share.
Net inflows into long-term funds and separate accounts
during the quarter was $8.8 billion, compared to net outflows of
$1.4 billion, a year earlier.
Assets under management increased 39 percent to $268.8
billion as of July 31.