Invesco’s total assets under management (AuM) were US$705.6 billion at 30 June 2013, a 12.4% increase compared to US$627.6 billion for the previous year period.
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The firm has reported a net income attributable to common shareholders of US$202.6 million, or US$0.45 per diluted share, for the second quarter of 2013, an 8.8% decrease compared to US222.2 million, or US$.49 per diluted share, for the same period last year.
Net revenues increased by 15.2% to US$790.3 million in the second quarter, from US$685.9 million in the corresponding period a year ago. The change was principally due to increases in investment management fees, offset by a decrease in performance fees.
Martin Flanagan, president and CEO of Invesco, said: "Invesco’s focus on delivering strong, long-term investment performance to our clients contributed to a 26.9% increase in operating income in the second quarter compared to the same period last year.
"Strong investment performance and a continued focus on meeting client needs drove positive long-term net flows during the quarter and helped the firm strengthen its operating margin to 39.3% from 35.7% a year ago."
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