Industry Updates

Passive funds cushion Invesco’s Q2 outflows

George Geddes

a close-up of a door handle

Invesco’s total assets under management (AUM) were just shy of $1.2trn, at the end of June, $224.4bn of which came from the company’s acquisition of MassMutual’s asset management affiliate, OppenheimerFunds.

Passive funds account for 18.7% of Invesco’s total AUM with $270.2bn at the end of Q2 2019. This figure is up from $250.5bn at the end of Q1, aided by $4.6bn worth of inflows over the period.

Invesco’s total net flows for the quarter was -$4.5bn as a result of the company’s active funds seeing outflows of $8.5bn. This marks the third consecutive quarter active fund net flows were negative whereas passive funds remained positive.

The last quarter saw Invesco list its ESG momentum ETFs in Europe which have brought in nearly £30m however, the company also saw assets in its FTSE 250 ETF nearly halve in April.

Non-management fee earning AUM for Invesco’s passive side brought in a significantly large $3.7bn. Adding to its long-term inflows, the total inflows into passive products were $8.3bn.

The acquisition of Oppenheimer brought over nearly $220bn worth of assets in active funds with only $4.5bn in passive.

Martin Flanagan, president and CEO of Invesco, said in a statement: "With $1.2trn in assets under management and a much stronger position in the US and global markets, Invesco has the investment capabilities, distribution resources and enhanced scale that will enable us to better meet client needs and drive future growth."

Featured in this article

Logo for Invesco


No ETFs to show.