Invesco on Wednesday reported assets under management of $705.6 billion as of June 30, down 0.3% from the previous quarter but up 12.4% from a year earlier.
Net inflows in the second quarter were $1.4 billion, compared with net inflows of $18.7 billion in the previous quarter and net outflows of $8.5 billion in the second quarter of 2012.
Long-term active investment strategies saw net inflows of $100 million vs. net inflows of $7.9 billion in the first quarter and net outflows of $3.4 billion in the second quarter of 2012. Long-term passive strategies reported net inflows of $1.3 billion, compared with net inflows of $14.3 billion in the previous quarter and net outflows of $3 billion in the second quarter of 2012.
Invesco's PowerShares exchange-traded funds business saw net inflows of $700 million, vs. net outflows of $400 million in the previous quarter and outflows of $2.1 billion in the quarter ended June 30, 2012.
Market losses in the second quarter were $700 million compared with market gains of $30.5 billion in the first quarter.
Revenue, meanwhile, came to $790.3 million, up 0.3% from the previous quarter and up 15.2% from the year earlier.
Net income in the latest quarter was $223.7 million, down 0.8% from the first quarter but up 24.2% from the previous year.
