MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Friday, January 27, 2012 Invesco Exec: 'There is a Softening Again Toward Equity Products' Bond and alternative funds still dominate Invesco's [profile] inflows, yet at least one executive at the mutual fund firm expects that balance to shift back towards stock funds. Jochelle Mendonca of Reuters picked up on Invesco's fourth quarter earnings conference call. "I think you know there could be movement again back to risk assets," an Invesco executive reportedly said during the call. "I think there is a softening again toward equity products, I would never have told you that six months ago." Meanwhile, Invesco beat analysts' expectations. According to Thomson Reuters I/B/E/S data, Wall Street analysts expected the mutual fund firm to earn 40 cents a share. Yet Invesco earned 42 cents per share, excluding certain items, a 15 percent jump year-over-year. Invesco brought in $5.6 billion of net long-term inflows and $400 million of net short-term institutional money-market inflows during the quarter. Printed from: MFWire.com/story.asp?s=38950 Copyright 2012, InvestmentWires, Inc. All Rights Reserved |