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