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Invesco slumps 4.25% after tough quarter

Oct. 29, 2015 2:47 PM ETInvesco Ltd. (IVZ) StockIVZBy: Stephen Alpher, SA News Editor
  • Q3 adjusted operating income of $373.4M or $0.61 per share vs. $381.9M and $0.64 one year ago.
  • Ending AUM of $755.8B down 5.9% Q/Q, down 4.3% Y/Y.
  • Active net outflows of $1.6B vs. $5.4B inflow in Q2, $6B inflow a year ago. Passive net outflows of $2.3B vs. $500M inflow in Q2. The $42B PowerShares QQQ saw $900M in net outflows vs. $300M of outflows in Q2. Total net outflows for the quarter were $6.3B vs. $3B of net inflows in Q2, and $2M inflows a year ago.
  • Previously: Invesco misses by $0.01, misses on revenue (Oct. 29)
  • IVZ -4.25%

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