Invesco on Thursday reported assets under management of $778.7 billion as of Dec. 31, up 4.5% from the end of the previous quarter and up 16.7% from a year earlier.
Net inflows in the fourth quarter were $5.2 billion, compared to net inflows of $9.1 billion in the previous quarter.
Invesco's PowerShares exchange-traded funds business received the bulk of the new inflows with $2.6 billion in net inflows in the fourth quarter, up from inflows of $800 million in the third quarter and $2.5 billion in net outflows in the year-earlier quarter.
Long-term passive strategies had net inflows of $700 million, while long-term active investment strategies saw net inflows of $300 million. Passive and active inflows the previous quarter were $200 million and $4.8 billion, respectively. The remaining $1.6 billion in net inflows in the fourth quarter went to money market funds, down from $3.3 billion the previous quarter.
Revenue for the quarter ended Dec. 31 was $857.3 million, up 5% from the third quarter and up 17.3% from the year-earlier quarter. Net income was $287.4 million, a 26% increase from the previous quarter and up 81.1% from a year earlier.