Invesco on Tuesday reported strong net inflows in the first quarter, which helped bring its assets under management to $729.3 billion as of March 31, up 6% from last quarter and 8% from a year earlier.
Net inflows in the first quarter were $19.2 billion, compared to net inflows of $1 billion in the previous quarter and $8.1 billion in the first quarter of 2012.
Institutional net inflows were $4 billion, up from $600 million a quarter ago and up from net outflows of $1.1 billion a year ago.
Long-term active investment strategies saw net inflows of $14.8 billion in the first quarter, compared to $3.3 billion in the fourth quarter and $2.8 billion in the first quarter of 2012. Long-term passive strategies reported net inflows of $6.4 billion in the first quarter, compared to $1.5 billion in the previous quarter and $3.7 billion in the first quarter of 2012.
Revenue, meanwhile, came to $1.1 billion, up 4.5% from the previous quarter and up 10.5% from the year earlier.
