MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Friday, January 30, 2009 Invesco's Q4 Profit Falls 82 Percent Invesco, whose subsidiaries include Aim and PowerShares, saw net income fall 82 percent in the three months ended December 31. The Atlanta-based firm earned $31.9 million, or 8 cents a share, down from $175.9 million, or 43 cents, in the year-ago period. Not counting charges for some savings initiatives, investment write-downs and foreign exchange losses, which reduced earnings by 9 cents a share, Invesco's numbers met analysts' expectations, according to Reuters Estimates. Invesco's AUM at the end of December totaled $357.2 billion, down from $409.6 billion in end-September. The market downturn accounted for a $33.7 billion decline in AUM during the quarter. Printed from: MFWire.com/story.asp?s=20607 Copyright 2009, InvestmentWires, Inc. All Rights Reserved |