Invesco Ltd, a global independent investment management firm, on Thursday reported preliminary assets under management (AUM) of $1,450.5 billion as of October 31st.
That figure represented a 2.5% decrease compared to AUM as of September 30th.
The company’s AUM performance was adversely affected by unfavorable market returns, which reduced AUM by $27 billion. And, as a result of Foreign Exchange impact, AUM were reduced by $0.7 billion.
The company said there had been net long-term outflows of $0.1 billion in October.
Non-management fee earning net inflows stood at $1.7 billion, while money market net outflows – at $10.9 billion.
The shares of Invesco Ltd (IVZ) closed 2.29% ($0.30) lower at $12.78 in New York on Thursday, as they extended the losses from the previous three market sessions.
The company’s total market cap now stands at $5.745 billion.
The shares of Invesco Ltd (IVZ) have retreated 28.96% so far this year, following another 21.85% loss in 2022.
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