Invesco profit edges higher

City A.M. Reporter
MONEY manager Invesco said yesterday its third-quarter profit rose two per cent as customers added almost $12bn to the firm’s funds.

Net income attributable to common shareholders totaled $170.6m, or 38 cents per share, up from $166.9m, or 36 cents per share, in the same period a year ago, the Atlanta-based firm said in a statement.

Assets under management totalled $683bn, up 14 per cent from a year earlier and almost six per cent during the quarter. Customers added a net $9.4bn to long term funds.