Invesco reported third-quarter results on Tuesday, showing assets under management rising to $2.1 trillion, a 6.2% increase from the previous 0 company recorded $28.9 billion in net long‑term inflows during the period, driven by demand in ETFs and Index products, growth in the China and India joint ventures, Fundamental Fixed Income, and Private 1 stock surged by 3% after the 2 posted an operating margin of 16.5% and an adjusted operating margin of 34.2%, improving by 240 and 300 basis points from the prior 3 also repaid $260 million of bank term loans and ended the quarter with no balance on its revolving credit 4 bought back 1.2 million shares for $25 5 and adjusted diluted EPS took a $0.08 hit due to a $35.9 million non‑cash impairment charge tied to the upcoming sale of Intelliflo, expected to close in Q4.
“We continue to perform well against our strategic priorities,” CEO Andrew Schlossberg said, stating Invesco reached record AUM and saw 8% annualized organic growth from net 6 said the inflows were “broad” and came from multiple areas and 7 also said Invesco strengthened its balance sheet during the quarter while continuing to return capital to 8 flows grow across products and regions Net long‑term inflows increased to $28.9 billion, up from $15.6 billion in the second 9 clients brought in $19.7 billion, and institutional clients added $9.2 10 by investment type showed $21.4 billion flowing into ETFs and Index strategies, $8.1 billion into the China and India partnerships, $4.1 billion into Fundamental Fixed Income, and $0.6 billion into Private 11 were outflows of $5.0 billion from Fundamental Equities and $0.3 billion from Multi‑Asset and Other 12 region, Asia Pacific brought in $11.4 billion, Americas $9.6 billion, and EMEA $7.9 13 gains added $99.0 billion to AUM, while foreign exchange effects reduced AUM by $2.7 14 were $2.6 billion in inflows from non‑management fee products and $5.4 billion in outflows from money market 15 AUM rose 8.6% during the 16 revenue rose $124.9 million from 17 management fees increased $83.8 million, and service and distribution fees rose $36.9 million, both driven by higher average 18 fees were $6.5 million, mainly from private market 19 exchange movements increased revenue by $5.9 20 expenses increased $68.2 21 and advisory costs rose $57.6 million because of higher average 22 compensation increased $11.2 million, tied to higher variable compensation and staff expenses of $28.1 million, partially offset by prior quarter severance of $16.9 23 expenses fell $3.0 million.
Property, office, and technology costs fell $9.0 million due to an $8.0 million software impairment taken in the second 24 and administrative costs increased $12.1 million, reflecting expenses from newly launched consolidated investment 25 exchange effects added $5.4 million to expenses. Non‑operating results, tax shift, capital actions continue Equity earnings from unconsolidated affiliates were $34.8 million, mainly from the China joint 26 and dividend income totaled $10.5 27 expense was $25.7 million from bank term loans issued earlier in the 28 net losses totaled $0.8 million, driven by the $35.9 million intelliflo impairment, partly offset by gains in deferred compensation and seed capital investment 29 generated $57.0 million in other income from net interest income and market gains in underlying 30 effective tax rate for the quarter was (2.8%), down from 28.1% in Q2, due to the resolution of a tax matter and reduced deferred income tax 31 and cash equivalents were $973.1 million at quarter’s 32 debt stood at $1.6 billion, down from $1.88 billion in 33 were 445.1 million common shares outstanding and 453.9 million diluted shares 34 paid $95.0 million in common dividends and $44.4 million in preferred dividends.
A $0.21 common cash dividend and $14.75 preferred dividend were declared for the next payout 35 a premium crypto trading community free for 30 days - normally $100/mo.
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