Invesco experienced record net long-term inflows of $31.1 billion for the second quarter, compared with inflows of $24.5 billion in the first quarter and net outflows of $14.2 billion for the second quarter of 2020, according to the firm's earnings release issued Tuesday.
Invesco had $1.5 trillion in assets under management as of June 30, up 8.6% from $1.4 trillion in March 31 and up 33.2% from $1.15 trillion as of the same period a year prior.
"We saw another record level of net long-term inflows for the firm in the second quarter," said Invesco President and CEO Marty Flanagan in the release. "Flows were driven by continued execution of strategies within our key capability areas, including ETFs, fixed income, China, solutions, alternatives, and global equities."
The long-term net inflows were driven primarily by net long-term inflows of $29 billion into the money manager's exchange-traded funds. By asset class, the firm experienced net long-term inflows of $15 billion into equities, $13.6 billion in fixed income and $4.3 billion in alternatives, offset by net outflows of $1.8 billion from balanced products.
Net revenue was $1.3 billion for the second quarter, up 4.1% from the first quarter and up 26% from the second quarter of 2020. Net income attributable to Invesco, meanwhile, was $368 million in the second quarter, up 37.5% from the first quarter and up 809.4% from the year-earlier period.
