Invesco on Thursday reported $755.8 billion in assets under management as of Sept. 30, down 6% from three months earlier and down 4.3% from a year earlier.
Net outflows for the third quarter were $6.3 billion, compared to net inflows of $3 billion for the previous quarter and net inflows of $2 billion for the third quarter of 2014.
Long-term active strategies saw net outflows of $1.6 billion in the third quarter of 2015, compared to net inflows of $5.4 billion in the second quarter and net inflows of $6 billion in the year-earlier quarter. Long-term passive strategies experienced net outflows of $2.3 billion during the third quarter, compared to net inflows of $500 million during the second quarter and no net flows during the year-earlier period.
Invesco’s PowerShares exchange-traded funds business saw net outflows of $900 million in the latest quarter vs. net outflows of $300 million in the previous quarter. For the quarter ended Sept. 30, 2014, the ETF business saw net outflows of $3.2 billion.
Invesco’s money market business experienced net outflows of $1.5 billion during the third quarter vs. net outflows of $2.6 billion during quarter ended June 30. In the third quarter of 2014, the business saw net outflows of $800 million.
Revenue came to $1.27 billion for the quarter ended Sept. 30, down 3.4% from the second quarter and down 3% from the year-earlier quarter. Net income in the latest quarter, meanwhile, was $249.3 million, down 3.1% from the previous quarter and down 2.6% from the year-earlier period.
