Improved profitability at Scout Investments led Sterne Agee analyst Peyton Green to boost his earnings estimates for UMB Financial, the parent company of Scout and UMB Bank.
Green estimates that Scout's mutual fund assets under management increased by $695 million or 5 percent in the second quarter of 2013. That included net inflows of $427 million and market appreciation of $267 million.
Scout's Unconstrained Bond Fund led the way with inflows of $275 million since the second quarter of 2013.
"UMBF…
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