Invesco’s second-quarter EPS
Invesco’s AUM (assets under management) also rose in the second quarter, to $963.3 billion, marking 3.1% sequential growth and 12.2% YoY growth. The asset manager’s acquisition of Guggenheim Investments’ ETF business increased its AUM by $38.1 billion.
Invesco also acquired Intelliflo to serve clients’ rapidly growing digital needs. Similarly, traditional asset manager (XLF) State Street (STT) has announced it will be acquiring investment management solutions provider Charles River Development for $2.6 billion.
Invesco’s second-quarter revenue
Invesco garnered revenue of $974 million in the second quarter, beating analysts’ estimate by $12.7 million and marking 1.7% sequential growth and 7.5% YoY growth. The company saw total net outflow of $6.2 billion, primarily because of heightened global uncertainties impacting broader markets and driving investors toward alternative assets. During the same period, the company’s long-term net outflow amounted to $8 billion.