Invesco Ltd. (IVZ), owner of the Invesco, Van Kampen and PowerShares funds, said first-quarter profit rose 15 percent as record client deposits lifted assets.

Net income increased to $222.2 million, or 49 cents a share, from $193.9 million, or 43 cents, a year earlier, Atlanta-based Invesco said yesterday in a statement. Excluding certain items, earnings of 52 cents a share beat the 47 cents-a- share average estimate of 20 analysts in a Bloomberg survey.

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.