Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of 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
Play Volatility is back, Europe's future & Ethical's key moment

Volatility is back, Europe's future & Ethical's key moment

This week’s episode of Investment Pulse takes a look at European prospects, FTSE volatility and whether public pressure is about to provide a push for ethical investment

Play Volatility spike: How ETFs can soften the blow

Volatility spike: How ETFs can soften the blow

ETFGI’s Deborah Fuhr discusses the role of ETFs in client portfolios during volatile market conditions

Play Winter market warmers, the post QE world and timing the Fed

Winter market warmers, the post QE world and timing the Fed

This week’s episode of Investment Pulse looks at the winding down of quantitative easing, whether to try and time a US Federal Reserve rate rise and if strong seasonal performers can reverse recent market slumps

Wealth Manager on Twitter