Invesco Ltd. (IVZ) Reports Decline in May Assets Under Management

June 11, 2012 4:04 PM EDT
Invesco Ltd. (NYSE: IVZ) reported preliminary month-end assets under management of $632.1 billion, a decrease of 5.4% month over month.

The decrease was largely the result of negative market returns and unfavorable foreign exchange. FX decreased AUM by $7.1 billion in the month.

During the month, total net-long term flows were negative, driven largely by Passive outflows from the PowerShares DB and PowerShares QQQ products as well as a Stable Value client termination reported in Active fixed income.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Corporate News, Retail Sales

Add Your Comment