(Corrects year-ago net income, net income per share and percent
change in headline, bullet, 1st and 5th grafs)
* Q4 EPS 35 cents vs 44 cents year ago
* Adjusted EPS 45 cents vs Wall Street view 47 cents
* Customer net inflow totaled $1 billion
Jan 31 Money manager Invesco Ltd, which
runs the Powershares brand of exchange-traded funds, said its
fourth-quarter profit slipped 22 percent as the firm gathered
less new money from customers than in prior quarters.
Customers added a net $1 billion to Invesco's funds and
accounts during the quarter, down 91 percent from the prior
period and 83 percent from the fourth quarter of 2011, Invesco
said in a statement on Thursday.
Assets under management at Atlanta-based Invesco totaled
$687.7 billion, up 0.7 percent during the quarter.
Invesco was not alone in seeing slowing flows amid investor
confusion in the fourth quarter. Competitors T. Rowe Price Group
and Janus Capital Group have reported fourth
quarter net outflows from their customers.
Net income totaled $158.7 million, or 35 cents per share, in
the fourth quarter compared with $202.3 million, or 44 cents per
share, in the same period a year earlier, Invesco said.
Analysts on average had expected net income per share
excluding items of 47 cents per share, according to Thomson
Reuters I/B/E/S. On that basis, Invesco earned 45 cents.
Shares of Invesco lost 5 cents, or 0.2 percent, to close at
$28.28 on the New York Stock Exchange on Wednesday. The shares
have gained 8.4 percent so far this year, beating the 5.3
percent gain of the Standard & Poor's 500 Index.
(Reporting by Aaron Pressman; Editing by Gerald E. McCormick
and Grant McCool)