Invesco Ltd. (NYSE:IVZ) has reported significant rise in its preliminary month-end assets under management (AUM) for the month of October 2011. The company’s AUM for the reported month grew 6.2% to $635.7 billion from $598.4 billion at the end of September 2011.
The rise in Invesco’s October AUM was mainly attributable to positive market returns and net inflows. Further, foreign exchange led to $4.3 billion hike in the AUM during the month under review.
Invesco’s preliminary AUM, excluding … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards