The company reported net inflows of $11.5 billion for the third quarter, compared to net inflows of $2.4 billion for the second quarter and net inflows of $19.2 billion for the third quarter of 2016.
Its long-term active strategies had $3.9 billion in net inflows for the most recent quarter, vs. net outflows of $200 million during the previous quarter, and net inflows of $8.3 billion for the quarter ended Sept. 30, 2016. Long-term passive strategies experienced $2.4 billion in net inflows, vs. $400 million in net outflows during the quarter ended June 30 and net inflows of $3.9 billion in the quarter ended Sept. 30, 2016.
Invesco (IVZ)'s institutional money market business experienced $5.4 billion in net inflows during the quarter, compared to net inflows of $2.8 billion in the previous quarter and net inflows of $5.9 billion in the year-earlier quarter.
Revenue for the company was $1.34 billion for the most recent quarter, up 6.6% from the previous quarter and up 11.3% from the same period a year ago. Net income, meanwhile, was $267.5 million, up 11.6% from the last quarter and up 10.9% from the year-earlier quarter of 2016.
Invesco's PowerShares exchange-traded funds business saw net outflows of $200 million during the third quarter, compared to net inflows of $200 million during the second quarter and net inflows of $1.1 billion in the third quarter of 2016.
Invesco acquired European exchange-traded funds provider Source from Warburg Pincus in the third quarter, and announced in September its plan to purchase Guggenheim Investments' ETF business for $1.2 billion.
Martin L. Flanagan, president and CEO of Invesco said in the firm's earnings statement that these acquisitions "will materially enhance the depth of our range of active, passive and alternative capabilities, further strengthen our ability to deliver the outcomes clients seek and position us for accelerated growth in the future."