Invesco Reports Decline in Assets Under Management for September
Invesco (IVZ) reported a preliminary decline in assets under management (AUM) to $2.54 trillion at the end of September, reflecting a 0.9% decrease from August. The drop was driven by net outflows and unfavorable market returns. The firm experienced $16 billion in AUM reductions due to poor market performance, along with $1.1 billion in long-term fund outflows and an additional $5.7 billion in money market outflows. Foreign exchange movements also contributed negatively to the decline in assets under management.
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