Amvescap, parent company of mutual fund companies Invesco and AIM Investments, reported third-quarter profits of $102 million, or 13 cents a share, Wednesday. While that was a 36% increase from $74.9 million, or 9 cents a share, in the third quarter of 2005, it fell short of analysts’ estimates of $113 million.

Although investors pulled $700 million from the company’s funds in the third quarter, strong performance boosted assets under management 6.5% to $440.6 billion.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.