FAIRPORT, N.Y., Nov. 10, 2016 /PRNewswire/ -- Manning
& Napier, Inc. (NYSE: MN), ("Manning & Napier" or "the
Company") today reported preliminary assets under management
("AUM") of $33.3 billion compared
with $34.8 billion at September 30, 2016. AUM by investment
vehicle and by portfolio are set forth in the table below.
|
|
Assets Under
Management
|
|
|
(in
millions)
|
|
|
|
|
|
|
|
|
October 31,
2016
|
|
September 30,
2016
|
|
|
|
|
|
|
|
|
By investment
vehicle:
|
|
|
|
|
|
|
Separate
accounts
|
|
$
|
19,637.3
|
|
|
$
|
20,537.0
|
|
|
|
Mutual funds and
collective
investment trusts
|
|
13,639.4
|
|
|
14,281.5
|
|
|
|
Total
|
|
$
|
33,276.7
|
|
|
$
|
34,818.5
|
|
|
|
|
|
|
|
|
|
By
portfolio:
|
|
|
|
|
|
|
Blended
Asset
|
|
$
|
20,780.3
|
|
|
$
|
21,548.9
|
|
|
|
Equity
|
|
11,157.1
|
|
|
11,924.8
|
|
|
|
Fixed
Income
|
|
1,339.3
|
|
|
1,344.8
|
|
|
|
Total
|
|
$
|
33,276.7
|
|
|
$
|
34,818.5
|
|
|
About Manning & Napier, Inc.
Manning &
Napier (NYSE: MN) provides a broad range of investment solutions as
well as a variety of consultative services that complement our
investment process. Founded in 1970, we offer equity, fixed income
and alternative strategies, as well as a range of blended asset
portfolios, such as life cycle funds. We serve a diversified client
base of high-net-worth individuals and institutions, including
401(k) plans, pension plans, Taft-Hartley plans, endowments and
foundations. For many of these clients, our relationship goes
beyond investment management and includes customized solutions that
address key issues and solve client-specific problems. We are
headquartered in Fairport, NY.
Safe Harbor Statement
This press release and
other statements that the Company may make may contain
forward-looking statements within the meaning of section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange
Act of 1934, which reflect the Company's current views with respect
to, among other things, its operations and financial
performance. Words like "believes," "expects," "may,"
"estimates," "will," "should," "intends," "plans," or "anticipates"
or the negative thereof or other variations thereon or comparable
terminology, are used to identify forward-looking statements,
although not all forward-looking statements contain these
words. Although the Company believes that it is basing its
expectations and beliefs on reasonable assumptions within the
bounds of what it currently knows about its business and
operations, there can be no assurance that its actual results will
not differ materially from what the Company expects or
believes. Some of the factors that could cause the Company's
actual results to differ from its expectations or beliefs include,
without limitation: changes in securities or financial markets or
general economic conditions; a decline in the performance of the
Company's products; client sales and redemption activity; changes
of government policy or regulations; and other risks discussed from
time to time in the Company's filings with the Securities and
Exchange Commission.
Contacts
Investor Relations
Contact
Sean Silva
Prosek Partners
212-279-3115
ssilva@prosek.com
Public Relations Contact
Nicole Kingsley
Brunner
Manning & Napier, Inc.
585-325-6880
nbrunner@manning-napier.com
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/manning--napier-inc-reports-october-31-2016-assets-under-management-300360978.html
SOURCE Manning & Napier, Inc.