Invesco, one of the greats of the asset management industry, managed to avoid the effects of the crisis in one of the most turbulent quarters. Yesterday the Atlanta-based company (which absorbed the asset management of Morgan Stanley) approved the accounts as at 30 September: quarterly earnings per share rise to 42 cents (+7,7%); the balance between subscriptions and redemptions is positive for 3,3 billion. In support of the title, the board approved the purchase of treasury shares for 100 million dollars.
At the end of September assets under management approached 600 billion dollars (598,4 billion). During the quarter, new investments were mostly directed towards ETFs, Uits and passive funds.
