Invesco Ltd reported preliminary month-end assets under management (AUM) of $2,537.8 billion as of September 30, a 0.9% decrease from the previous month.

The decline was driven by a combination of net outflows and unfavorable market conditions. The firm recorded net long-term outflows of $1.1 billion during the period. Additionally, money market funds saw net outflows of $5.7 billion.

Market and Currency Impacts

Beyond client flows, external factors significantly impacted the total asset base. Unfavorable market returns decreased AUM by $16 billion. Foreign exchange movements further reduced assets by $2.7 billion. These negative impacts were partially offset by reinvested distributions totaling $0.9 billion.

Quarterly Averages

For the quarter ended September 30, preliminary average total AUM stood at $2,510.2 billion. The preliminary average active AUM for the same period was reported at $1,246.0 billion.

What the Numbers Show

The data reveals that market volatility, rather than client withdrawals, was the primary driver of the monthly AUM contraction. While net long-term and money market outflows combined for $6.8 billion, the $16 billion reduction attributed to unfavorable market returns was more than double that amount. This suggests that the performance of existing holdings had a significantly larger immediate impact on the asset base than new money entering or leaving the firm's products.

Invesco Ltd (NYSE: IVZ) has appointed Marty Franc as Senior Managing Director and Head of Asia Pacific. Franc will succeed Andrew Lo, who is retiring after 32 years with the firm.

Lo will retire on March 31, 2027. Franc will transition into the leadership role during the first quarter of 2027 and will remain based in Hong Kong.

Leadership Transition

Andrew Lo will serve as Chairman Emeritus, Asia Pacific following his retirement. In this capacity, he will continue to represent Invesco on the boards of its joint ventures in China and India. He will also provide strategic counsel to the Asia Pacific and global leadership teams.

Andrew Schlossberg, President and Chief Executive Officer of Invesco, highlighted Lo’s impact on the firm's regional presence.

"Andrew’s legacy is measured not only by the business he helped build, but by the people he developed, the relationships he nurtured, and the trust he earned throughout the region and across our firm," Schlossberg said.

Incoming Leader Profile

Marty Franc brings more than 30 years of asset management experience to the role, including 13 years at Invesco. He has overseen key businesses in Australia, Greater China, and Southeast Asian markets. Additionally, he was responsible for the firm’s Institutional client strategy in the region.

Schlossberg noted that Franc embodies the company’s culture and possesses deep knowledge of its business operations.

Regional Context

Invesco reported US$2.5 trillion in assets under management as of June 30, 2026. The firm serves clients in more than 120 countries through public, private, active, and passive investment capabilities.