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 [email protected]
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