Invesco on Thursday reported assets under management of $787.3 billion as of March 31, up 1.1% from the end of the previous quarter and up 11.2% from a year earlier.
Net outflows in the first quarter of 2014 were $900 million, compared to net inflows of $5.2 billion in the previous quarter.
Invesco's PowerShares exchange-traded funds business saw net outflows of $1.3 billion for the quarter vs. net inflows of $2.6 billion in the previous quarter and net outflows of $400 million in the first quarter of 2013.
Long-term passive strategies had net inflows of $3.3 billion for the quarter, while long-term active investment strategies saw net inflows of $3.2 billion. Passive and active net inflows the previous quarter were $700 million and $300 million, respectively.
Inflows to long-term strategies were largely offset by net outflows of $6.1 billion for the quarter in Invesco's money market business, compared to net inflows of $1.6 billion last quarter and net inflows of $4.8 billion during the first quarter of 2013.
