, whose subsidiaries include Aim
, saw net income fall 82 percent in the three months ended December 31. The Atlanta-based firm earned $31.9 million, or 8 cents a share, down from $175.9 million, or 43 cents, in the year-ago period.
Not counting charges for some savings initiatives, investment write-downs and foreign exchange losses, which reduced earnings by 9 cents a share, Invesco's
numbers met analysts' expectations, according to Reuters Estimates
Invesco's AUM at the end of December totaled $357.2 billion, down from $409.6 billion in end-September. The market downturn accounted for a $33.7 billion decline in AUM during the quarter.
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