] is a giant, traditional, active mutual fund firm and asset manager, yet it also boasted $96 billion in passive strategies, including ETFs, at the end of last year. Ari Weinberg of Forbes ponders
the strength of PowerShares
], which he calls Invesco's "hedge for its core business."
"For a taste of the internal conflict roiling the asset management industry, look no further than the latest earnings report from Invesco," Forbes writes.
Forbes notes Invesco's active strategies only brought in $1.7 billion in net inflows last year, compared to $17.5 billion on the passive side. And Invesco's $103-billlion active mutual fund business saw $4.2 billion net flow out.
Neil Anderson, Managing Editor
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