Ameriprise 2014 Annual Report Download - page 97
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The following table presents managed asset net flows:
Years Ended
December 31,
2013 2012 Change
(in billions)
Columbia managed asset net flows $ (8.3) $ (18.6) $ 10.3 55%
Threadneedle managed asset net flows(1) 1.8 (1.9) 3.7 NM
Less: Sub-advised eliminations (0.1) 1.8 (1.9) NM
Total managed asset net flows $ (6.6) $ (18.7) $ 12.1 65%
NM Not Meaningful.
(1) Threadneedle net flows in Q2 2012 included $1.2 billion of outflows primarily due to a change in subadvisory relationship between
Threadneedle and Columbia. These outflows are eliminated at the segment level.
The following table presents managed assets by type:
Average(1)
December 31, December 31,
2013 2012 Change 2013 2012 Change
(in billions)
Equity $ 275.3 $ 224.1 $ 51.2 23% $ 247.3 $ 220.5 $ 26.8 12%
Fixed income 196.4 205.2 (8.8) (4) 199.9 204.9 (5.0) (2)
Money market 7.1 6.5 0.6 9 6.4 7.0 (0.6) (9)
Alternative 6.4 6.7 (0.3) (4) 6.4 8.3 (1.9) (23)
Hybrid and other 15.6 12.9 2.7 21 13.3 12.6 0.7 6
Total managed assets $ 500.8 $ 455.4 $ 45.4 10% $ 473.3 $ 453.3 $ 20.0 4%
(1) Average ending balances are calculated using an average of the prior period’s ending balance and all months in the current period.
The following tables present the changes in Columbia and Threadneedle managed assets:
Years Ended
December 31,
2013 2012
(in billions)
Columbia Managed Assets Rollforward
Retail Funds
Beginning assets $ 216.3 $ 204.8
Mutual fund inflows 38.1 38.2
Mutual fund outflows (50.9) (53.6)
Net VP/VIT fund flows (0.6) —
Net new flows (13.4) (15.4)
Reinvested dividends 9.9 6.0
Net flows (3.5) (9.4)
Distributions (11.5) (7.5)
Market appreciation and other(1) 38.1 28.4
Total ending assets 239.4 216.3
Institutional
Beginning assets 72.4 73.3
Inflows 21.6 17.5
Outflows (26.1) (24.0)
Net flows (4.5) (6.5)
Market appreciation and other 7.7 5.6
Total ending assets 75.6 72.4
Alternative
Beginning assets 5.7 8.1
Inflows 1.3 0.7
Outflows (1.6) (3.4)
Net flows (0.3) (2.7)
Market appreciation and other 0.2 0.3
Total ending assets 5.6 5.7
Affiliated General Account Assets 36.1 36.1
Other and Eliminations — (0.1)
Total Columbia managed assets $ 356.7 $ 330.4
Total Columbia net flows $ (8.3) $ (18.6)
(1) Included in Market appreciation (depreciation) and other in Q2 2012 are $3 billion due to the transfer of Active Diversified Portfolio
assets from non-proprietary to proprietary funds.
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