Amvescap, parent to the AIM and Invesco fund brands, indicated last Tuesday its second quarter profit had fallen 7% to 60.3 million pounds, or $106.9 million, from 59.1 million the previous quarter. Analyst consensus had forecast that figure at 62.2 million pounds.

A large factor draining Amvescap earnings has been steady fund outflows, driven by lackluster performance and the taint of the fund scandal, which cost AIM and Invesco $450 million in penalties and fees.

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