Invesco reported $888.2 billion in assets under management as of Dec. 31, down 9.5% from three months earlier and down 5.3% from a year earlier, according to the company's fourth-quarter earnings results released Wednesday.
The firm expects its total AUM will be more than $1.1 trillion in the second quarter of this year, once its acquisition of OppenheimerFunds from Massachusetts Mutual Life Insurance Co. closes, its earnings report said.
Invesco reported net outflows of $18.1 billion for the fourth quarter, compared to net outflows of $4.9 billion for the third quarter and net outflows of $3.2 billion for the fourth quarter of 2017.
Long-term net outflows were $20.1 billion in the fourth quarter, compared to $11.2 billion in net outflows in the prior quarter and $1.5 billion in net outflows in the fourth quarter of 2017.
Net outflows from active strategies of $16.4 billion were the highest contributor to long-term redemptions, while net outflows from passive strategies totaled $3.7 billion in the fourth quarter.