(Bloomberg) — Invesco Ltd. is having a tough year, even by 2020 standards.The Covid-19 pandemic delivered a blow to the $1.1 trillion asset manager, among the top publicly traded fund firms. A record rally in stocks off their March lows didn’t help much: investors continued to yank money from Invesco’s funds in the second quarter, bringing total first-half net outflows to about $31.6 billion, according to a statement Tuesday.The health crisis compounded broader industry forces weighing on Invesco, including pressure on fees and withdrawals from actively managed funds. While the firm made a series of bets to keep pace in …read more
Source:: Yahoo Finance
