Invesco reported $16.5bn of net inflows in the third quarter, taking assets under management up to $1.8tn, a new record for the firm.
The firm’s AUM increased 20.7% this time last year, while inflows were up from $2.6bn, but heavily skewed toward passive strategies, which took in $17.1bn, while active saw outflows of $600m.
‘We continued our positive momentum this quarter, executing across several strategically important areas of our business, and finishing this quarter with record long term AUM [and] continued robust net long term inflows,’ CEO Andrew Schlossberg said during the firm’s Tuesday earnings call.