Invesco today reported assets under management of $500.1 billion in the fourth quarter, down 1.4% from the previous quarter but up 8.1% from the end of 2006. The fourth-quarter decrease was largely the result of $5 billion in total net outflows from Invesco products, led by $8.9 billion from stable value. Outflows from fixed income were $700 million; balanced strategies, $200 million; and money market strategies, $100 million. Those outflows were partially offset by net inflows of $4.2 billion in alternative strategies and $700 million in equity strategies.
Net revenues were $766.7 million for the quarter, up 6.1% from the previous quarter and up 17.6% from a year ago.