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Invesco's second-quarter profit jumps 35.5 percent
July 31, 2014 / 11:46 AM / 3 years ago

Invesco's second-quarter profit jumps 35.5 percent

NEW YORK, July 31 (Reuters) - Invesco Ltd, which oversees the PowerShares line of exchange-traded funds, said on Thursday that its second-quarter profit rose 35.5 percent as strong markets boosted the company’s assets under management.

The Atlanta-based money manager said net profit rose to $274.5 million, or 63 cents per share, from $202.6 million, or 45 cents per share, a year earlier. (Reporting by Ashley Lau in New York, Editing by Franklin Paul)

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