must be pleased with his firm's fixed-income distribution.
released its third-quarter earnings
today, and the asset manager reversed the previous quarter's outflows by adding nearly $12 billion in new money. These inflows bring the firm's total AUM to just under $668 billion.
In the press release accompanying the quarterly report, Invesco CEO Flanagan called Q3 "one of the strongest quarterly net flows results in our history." The firm's AUM rose by nearly $37 billion over the quarter before, on both flows and market gains.
The great majority of Invesco's new flows came into bond funds. Of the $11.9 billion in net flows, $7.2 billion went to bonds, $3.7 billion to balanced, and $2.3 to money market. The firm saw outflows of $800 million from equity and $500 million from alts.
Despite the strong flows, the company's earnings were slightly below analysts' estimates for the second quarter in a row, according to Wall Street Cheat Sheet
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