July 22 (Reuters) - Asset manager Invesco ( IVZ ) swung

to a second-quarter loss on Tuesday, as expenses related to

share repurchases wiped out gains in investment management fees.

Shares of the company fell marginally in premarket trading.

Invesco's ( IVZ ) performance fees, earned when client returns meet

agreed-upon expectations, also fell over 70% in the quarter, as

total net inflows slumped to $15.2 billion, compared with $28.2

billion a year ago.

WHY IT'S IMPORTANT

The quarter saw bouts of record volatility as a tumultuous

U.S. trade policy and geopolitical tensions fueled recessionary

fears and battered investor confidence.

This hurt Invesco's ( IVZ ) inflows and performance fees, as

investors took a more cautious approach amid macroeconomic

uncertainty.

BY THE NUMBERS

Invesco ( IVZ ) ended the quarter with a record $2 trillion in

assets under management as of June 30, jumping 16.6% from a year

ago, which boosted the corresponding investment management fees.

Investment management fees rose 3.3% to $1.1 billion during

the reported quarter.

But a $159.3 million charge related to its preferred share

repurchase program led to a loss of $12.5 million, or 3 cents

per share, compared with a profit of $132.2 million, or 29 cents

a year ago.

CONTEXT

Invesco ( IVZ ), an independent investment management firm, provides

retail and institutional solutions to clients across 120

countries.

Larger rival BlackRock ( BLK ) last week reported that its

assets increased to a record high value in the second quarter.

(Reporting by Ateev Bhandari in Bengaluru; Editing by Maju

Samuel and Shinjini Ganguli)