Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Invesco's fee income rises by £3.7m in Q2

Invesco's fee income rises by £3.7m in Q2

Invesco Perpetual's fee income rose by almost $6 million (£3.37 million) to $29.6 million in the second quarter.

The group switched from separate annual management and registration fees to a single headline charge ealier this year, but said increased AUM and the additional day in the second quarter compared to the first quarter drove the rise. Service and distrubition fees fell by a corresponding $23.9 million with Invesco noting: 'After allowing for this, service and distribution fees have increased in line with average AUM and the additional day in the second quarter compared to the first quart.

Foreign exchange rate changes also added $0.2 million to fee income quarter-on-quarter.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Brewin's Gutteridge: Yuan direction

Brewin's Gutteridge: Yuan direction

This week Brewin Dolphin's research head chats to Fidelity Asian Investment Directors Jenny Lee and Gary Monaghan about the big changes in China.

Play On the Road Challenge: horsing around on the polo pitch

On the Road Challenge: horsing around on the polo pitch

Libby Ashby takes to the polo pitch with Stuart Leigh-Davies from Redmayne-Bentley for an 'On the Road' challenge.

Brewin's Gutteridge: where Miton's Godber sees value

Brewin's Gutteridge: where Miton's Godber sees value

This week Brewin Dolphin's research head talks to George Godber, co-lead fund manager of the Miton UK Value Opportunities fund, about value investing.

Your Business: Cover Star Club

Profile: what tempted Brewin's Glasgow team over to Rathbones?

Profile: what tempted Brewin's Glasgow team over to Rathbones?

Rathbones’ Glasgow office has only been open for three months but the team, led by Angus Kerr, has already attracted new clients

Wealth Manager on Twitter