View the article online at http://citywire.co.uk/wealth-manager/article/a748933
Invesco chief executive: we're going to do just fine
by Robert St George on May 01, 2014 at 15:07
That has left around $31 billion (£18.4 billion) within the UK equity income franchise, of which Invesco estimated that 99% was retail money.
Better news came on performance fees, with the UK business providing the bulk the $34 million (£20.1 million) Invesco earned in bonuses during the quarter - even after adjusting for the beneficial effect of the stronger pound.
However, $13 million (£7.7 million) of that was earned from the Edinburgh Investment Trust , which will not recur after changes to the trust's management agreement. The majority of the remainder came from funds managed by Citywire AAA-rated Barnett, Flanagan observed.
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