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Exact(22)
Management fees rose 17percenttoto $69.8 million, arising from an increase in assets under management.
Despite the bank's large increase in assets under management, investors reacted negatively to the news.
"The increase in assets provides an incredible opportunity for the whole field," said Sara Engelhardt, president of the Foundation Center.
It is $2.375 trillion — not $122 billion, which is the value of the increase in assets in the first quarter.
The bank could face some increased skepticism based on the increase in assets on its balance sheet that it categorizes as "Level 3," or hardest to value.
TIAA-CREF's total revenue jumped 21percentt in 1999, to $11.3 billion, a gain that reflects new inflows rather than a market-driven increase in assets.
Similar(37)
As the number of banks increases, growth in assets is expected to follow.
But even in this instance, the vast increase in asset values cheap money brings has helped make richer and invariably older homeowners and shareholders richer still.
Measured by the increase in asset values over the past five years, the global housing boom is the biggest financial bubble in history (see article).
In fact, with such a small annual increase in asset purchases, it is unlikely Japan will achieve 2 percent inflation, analysts said.
King said: "It's very important that we don't end up in a world in which everyone describes every increase in asset prices as a bubble, and every fall in asset prices as the bursting of a bubble".
More suggestions(17)
increase in techniques
increase in guarantees
increase in debts
increase in structures
increase in resources
increase in transfers
increase in investors
increase in estate
gains in assets
grown in assets
rises in assets
increase in imports
increase in duties
increase in earnings
increase in murders
increase in sales
increase in returns
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com