Business
Business

Investors more tolerant of risk, Invesco says

By Arielle Kass
Jan 31, 2013

Investors are becoming more tolerant of risk as they position themselves for greater returns in the long term, Atlanta-based investment giant Invesco said Thursday.

January has started strong, company executives said in a fourth quarter conference call.

“It is a very different start to the year than I can tell you that I’ve seen in the last five years,” president and CEO Martin Flanagan said. “We are seeing investment in active equities to a degree that we have not seen in a period of time.”

For the fourth quarter, Invesco’s profits were down 21.6 percent, to $158.7 million. They were down 7.2 percent, to $677.1 million, for 2012.

Invesco’s operating revenue was up 9.6 percent, to $1.09 billion, in the fourth quarter. Assets under management at the end of 2012 were $687.7 billion, up 10 percent over 2011.

About the Author

Arielle Kass covers Gwinnett County for The Atlanta Journal-Constitution. She started at the paper in 2010, and has covered business and local government beats around metro Atlanta. Arielle is a graduate of Emory University.

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