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Stock Market & Financial Investment News

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June 10, 2014
16:17 EDTIVZInvesco reports May assets under management $790.1B
Invesco reported preliminary month-end assets under management of $790.1B, an increase of 1.4% month over month. The increase was driven by favorable market returns, net long-term inflows and positive flows in the PowerShares QQQ's. FX decreased AUM by $0.6B during the month. Preliminary average total AUM for the quarter through May 31 were $780.6B, and preliminary average active AUM for the quarter through May 31 were $640.1B.
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August 25, 2014
06:44 EDTIVZReport on Invesco not new, says Citigroup
After the Wall Street Journal indicated that a U.K. platform was pulling $1.1B from Invesco and moving it to former Invesco investment manager Neil Woodford, Citgroup thinks that Invesco already accounted for the loss of the platform in post Q2 comments. .Citi does not believe that Woodford is making "widespread" gains at Invesco's expense. Citi keeps a Buy rating on Invesco.

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