Epoch Announces Assets Under Management of $24.2 Billion

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Epoch Investment Partners
EPHC
, today announced that its assets under management (“AUM”) were approximately $24.2 billion as of September 30, 2012, an increase of 4% from $23.2 billion as of June 30, 2012. “Assets under management increased primarily due to market appreciation during the quarter, with new business awards mostly offset by fund outflows in our sub-advisory channel,” stated William W. Priest, Chief Executive Officer of the Company. “Markets were fueled by accommodative central bank policies and an expansion of valuation multiples. Future gains, however, are likely to be more modest, especially in the context of sluggish economic growth. With that in mind, we think our approach of focusing on companies that are able to generate free cash flow and have sound capital allocation policies will continue to appeal to investors.”
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