<!-- Swiftype Variables -->

MONEY MANAGEMENT

Invesco’s AUM dips despite net inflows

Invesco (IVZ) reported $812.9 billion in assets under management as of Dec. 31, down 1% from three months earlier but up 4.8% from a year earlier, its fourth-quarter earnings release showed Thursday.

Net inflows for the quarter were $1.1 billion, compared to net inflows of $19.2 billion for the third quarter and net inflows of $4.1 billion for the fourth quarter of 2015.

Invesco saw $1.9 billion in net outflows in long-term active strategies during the quarter, compared to net inflows of $8.3 billion during the previous quarter and net inflows of $3.5 billion in the year-earlier quarter. Long-term passive strategies, meanwhile, experienced net outflows of $800 million during the quarter ended Dec. 31, vs. net inflows of $3.9 billion during the previous quarter and net inflows of $400 million in the quarter ended Dec. 31, 2015.

Invesco's PowerShares exchange-traded funds business saw net inflows of $2.7 billion during the third quarter, vs. net inflows of $1.1 billion during the third quarter and net inflows of $2 billion in the fourth quarter of 2015.

Invesco's money market business experienced net inflows of $1.1 billion in the fourth quarter vs. net inflows of $5.9 billion in the previous quarter and net outflows of $1.8 billion in the year-earlier quarter.

Revenue came to $1.2 billion for the quarter ended Dec. 31, flat from the previous quarter but down 3.6% from the year-earlier quarter. Net income in the latest quarter, meanwhile, was $226.5 million, down 6.1% from the previous quarter but up 12.2% from the year-earlier period.