05:07 PM EDT, 04/09/2024 (MT Newswires) -- Invesco ( IVZ ) said late Tuesday preliminary assets under management rose 2% to $1.663 trillion at the end of March from the prior month.

The company said the month saw net long-term inflows of $2.8 billion, non-management fee earning net inflows of $1.8 billion and money market net outflows of $1.5 billion.

It said "favorable market returns" boosted AUM by $29 billion, while foreign exchange reduced AUM by $1.1 billion, which was partially offset by reinvested distributions of $900 million.