By Paulo Trevisani
Invesco Ltd. said Tuesday that changes in foreign exchange rates decreased its net revenues by $44.3 million in the fourth quarter compared with a year earlier.
Forex reduced revenues by $5 million in the period when compared with the third quarter of 2022.
Invesco reported fourth-quarter revenue of $1.44 billion, down from $1.76 billion in the prior-year period.
The investment firm added that forex increased assets under management in the fourth quarter by $14.6 billion.
Write to Paulo Trevisani at paulo.trevisani@wsj.com
https://news.google.com/__i/rss/rd/articles/CBMiV2h0dHBzOi8vd3d3Lm1hcmtldHdhdGNoLmNvbS9zdG9yeS9pbnZlc2NvLXNheXMtZm9yZXgtZGVjcmVhc2VkLTRxLXJldmVudWVzLTI3MTY3NDU3MDk2ONIBW2h0dHBzOi8vd3d3Lm1hcmtldHdhdGNoLmNvbS9hbXAvc3RvcnkvaW52ZXNjby1zYXlzLWZvcmV4LWRlY3JlYXNlZC00cS1yZXZlbnVlcy0yNzE2NzQ1NzA5Njg?oc=5
2023-01-24 14:36:00Z
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