Invesco reported $779.6 billion in assets under management as of June 30, up 1% from three months earlier but down 3% from a year earlier.
Net inflows for the quarter were $2.7 billion, compared to net outflows of $100 million for the first quarter and net inflows of $3 billion for the quarter ended June 30, 2015.
Martin L. Flanagan, president and CEO of Invesco, said in the earnings release: “The solid results for the firm came in spite of increased volatility relating to the U.K.'s vote to leave the European Union.”
Invesco saw no net flows in long-term active strategies during the second quarter, compared to net inflows of $500 million in the first quarter and net inflows of $5.4 billion in the year-earlier quarter.
Long-term passive strategies, meanwhile, experienced net inflows of $4.5 billion during the quarter ended June 30, vs. net outflows of $1.8 billion during the previous quarter and net inflows of $500 million in the quarter ended June 30, 2015.
Invesco's PowerShares exchange-traded funds business saw net outflows of $3.8 billion in the latest quarter vs. net outflows of $2.6 billion in the previous quarter. The ETF business saw net outflows of $300 million for the quarter ended June 30, 2015.
Invesco's money market business experienced net inflows of $2 billion in the second quarter vs. net inflows of $3.8 billion in the first. In the second quarter of 2015, the business saw net outflows of $2.6 billion.
Revenue came to $1.19 billion for the quarter ended June 30, up 3.5% from the previous quarter but down 9.8% from the year-earlier quarter. Net income in the latest quarter, meanwhile, was $225.5 million, up 40.1% from the previous quarter but down 12.4% from the year-earlier period.
