Invesco Reports Preliminary AUM Of $2.447 At End-July, Down 0.9% Month-On-Month
The firm delivered net long-term inflows of $8.6 billion in the month. Money market net inflows were $22.8 billion. AUM was negatively impacted by unfavorable market returns which decreased AUM by $59 billion. FX
Invesco had money coming in from customers, but the value of investments they manage went down slightly because markets fell. When markets drop, the total money they handle shrinks, even though people still trust them with new savings.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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