Asset manager Invesco's profit rises on strong inflows, higher fees
28/04/2026 13:20
April 28 (Reuters) - Invesco IVZ.N reported a rise in first-quarter profit on Tuesday, helped by higher income fee, as investors rushed to rejig their portfolios amid worries about AI-driven software disruption and the war in the Middle East. Here are the details on its results: Invesco had $2.2 trillion in assets under management as of March 31, compared with $1.88 trillion, a year earlier. The company's investment management fees rose 25.6% to $1.38 billion in the first quarter from a year earlier. Total net flows rose to $33.3 billion, compared with $32.6 billion a year ago. Asset managers' fees are directly tied to the value of their portfolios. Invesco's performance fees, earned when client returns meet agreed-upon expectations, rose more than three-fold in the quarter. Excluding one-time costs, the company earned a profit of $260.8 million, or 57 cents per share, compared with $200.5 million, or 44 cents per share, a year earlier. (Reporting by Pragyan Kalita in Bengaluru) ((Pragyan.Kalita@thomsonreuters.com;))