<!-- Swiftype Variables -->

Money Management

Invesco’s assets up 3% in quarter, 10% in year

Invesco (IVZ) had $858.3 billion in assets under management as of June 30, up 2.8% from March 31 and up 10.1% from June 30, 2016, the company's earnings statement showed Thursday.

The company experienced net inflows of $2.4 billion for the second quarter vs. net outflows of $5.3 billion for the first quarter and net inflows of $2.7 billion for the second quarter of 2016.

Invesco saw $200 million in net outflows in long-term active strategies during the quarter, compared to net outflows of $500 million during the previous quarter and no net flows in the year-earlier quarter. Long-term passive strategies experienced $400 million in net outflows during the quarter ended June 30 vs. net inflows of $2.3 billion during the previous quarter and net inflows of $4.5 billion in the quarter ended June 30, 2016.

Invesco's PowerShares exchange-traded funds business saw net inflows of $200 million during the second quarter, compared to net inflows of $1 billion during the first quarter and net outflows of $3.8 billion in the second quarter of 2016.

Invesco's institutional money market business experienced $2.8 billion in net inflows during the quarter, vs. net outflows of $8.1 billion in the previous quarter and net inflows of $2 billion in the year-earlier quarter.

Revenue for the company was $1.25 billion for the most recent quarter, up 5.2 from the previous quarter and up 5.5% from the same period a year ago. Net income, meanwhile, was $239.6 million, up 13% from the last quarter and up 6.3% from the year-earlier quarter of 2016.