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levels than cumulative and year. revenues the management the more asset of Asset of by $X were XX%. $XXX up That's versus impact million fees flows. average higher It's fee-based positive driven billion in prior
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were $XXX million. revenues Transactional
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on Management strategy offering advice. gathering needs meeting and clients' our assets, predicated Wealth is lending Our
to strong results management quarter. this core strategy, our of the Management record a Asset produce fees, Wealth reaching continues
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Revenues to higher of Turning second $X.X billion Management. asset from increased by Investment management revenue. supported the X% quarter, prior
AUM. related areas. private average Asset at the up reflecting other X% fees funds, management income Total billion, in driven were were trillion. by our private higher as AUM U.S. U.S. year-over-year, Performance-based were and ended secular and gains revenues infrastructure, $XX credit reflecting and $X.X growth equity $X.X primarily investments million our quarter
recorded $X approximately net We long-term of outflows billion.
current across strategies. areas in of see Parametric. namely trends, outflows strategic Consistent to we continue equity saw with strong active momentum focus, our We industry
private as positioned customization, strength of growth, such business alternatives. is well Our and in given direct indexing areas secular
continued support on incremental capabilities, deep focus growth. our distribution, Our with product global should creation and structuring combined
balance Turning from billion $XX Total $X.X quarter the to decreased trillion. sheet. assets to spot the prior
supported on was focus CETX actively with activity Our Client standardized and We XX.X%. velocity a strong clients were was markets of ratio resources. open.
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recent test model position. and our most capital durable reaffirm results The business strong stress
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Management, of operating Wealth fee-based the to In leverage demonstrate flows that continue strong our is working. and realization strategy
opportunities see time we to active, equivalent into and fee-based engage cash their balances products. and cash over more become markets clients capital retail for deploy As
open we that, now With the up line questions. to will
