Invesco (IVZ) reported $820.2 billion in assets under management as of Sept. 30, up 5.2% from three months earlier and up 8.5% from a year earlier.
Net inflows for the quarter were $19.2 billion, compared to net inflows of $2.7 billion for the first quarter and net outflows of $6.3 billion for the quarter ended Sept. 30, 2015.
Long-term net flows during the third quarter included a $6.5 billion inflow from the Rhode Island 529 plan.
Invesco saw $8.3 billion in net inflows in long-term active strategies during the quarter, compared to no net flows during the previous quarter and net outflows of $1.6 billion in the year-earlier quarter. Long-term passive strategies, meanwhile, experienced net inflows of $3.9 billion during the quarter ended June 30, vs. net inflows of $4.5 billion during the previous quarter and net outflows of $2.3 billion in the quarter ended Sept. 30, 2015.
Invesco's PowerShares exchange-traded funds business saw net inflows of $1.1 billion during the third quarter, vs. net outflows of $3.8 billion in the second quarter and net outflows of $900 million in the quarter ended Sept. 30, 2015.
Invesco's money market business experienced net inflows of $5.9 billion in the third quarter vs. net inflows of $2 billion in the second. In the third quarter of 2015, the business saw net outflows of $1.5 billion.
Revenue came to $1.2 billion for the quarter ended Sept. 30, up 1% from the previous quarter but down 5.6% from the year-earlier quarter. Net income in the latest quarter, meanwhile, was $241.2 million, up 7% from the previous quarter but down 3.2% from the year-earlier period.