Invesco reported $771.5 billion in assets under management as of March 31, down 0.5% from three months earlier and down 3.4% from a year earlier.
Net outflows for the quarter were $100 million, compared to net inflows of $4.1 billion for the fourth quarter and net inflows of $1.7 billion for the quarter ended March 31, 2015.
Long-term active strategies saw net inflows of $500 million in the first quarter, compared to net inflows of $3.5 billion in the fourth quarter and net inflows of $6.8 billion in the year-earlier quarter.
Long-term passive strategies experienced net outflows of $1.8 billion during the first quarter, compared to net inflows of $400 million during the previous quarter and net inflows of $3.5 billion during the first quarter of 2015.
Invesco's PowerShares exchange-traded funds business saw net outflows of $2.6 billion in the latest quarter vs. net inflows of $2 billion in the previous quarter. For the quarter ended March 31, 2015, the ETF business saw net outflows of $2.6 billion.
Invesco's money market business experienced net inflows of $3.8 billion in the first quarter vs. net outflows of $1.8 billion in the fourth quarter. In the first quarter of 2015, the business saw net outflows of $6 billion.
Revenue came to $1.15 billion for the quarter ended March 31, down 7.3% from the previous quarter and down 11.1% from the year-earlier quarter. Net income in the latest quarter, meanwhile, was $161 million, down 20.3% from the previous quarter and down 38% from the year-earlier period.
