What caused IVZ's Q3 earnings to exceed forecasts?

Invesco's Q3 earnings exceeded forecasts due to several key factors: 1. **Strong Inflows and Higher Fees**: Invesco experienced significant inflows into its managed assets, which contributed to a record high in assets under management (AUM) reaching $1.8 trillion. This, in turn, led to higher fee income, boosting profit margins. 2. **Rising Investor Allocations to Equities**: Investors' increased allocation to equities drove higher inflows and fee income on managed assets. This trend was likely fueled by growing optimism about a soft economic landing in the U.S., as well as favorable fiscal and regulatory environments for corporations. These factors collectively contributed to Invesco's impressive Q3 performance, surpassing market expectations.