5% increase in revenue year-over-year primarily driven by organic growth and the impact of market movements over the past twelve months on average AUM and higher technology services revenue
AUM of $9.1T up from AUM of $9.425T at the end of Q2, average AUM of $9.396T up from $9.187T at the end of Q2.
$3 billion of quarterly total net inflows reflect $49 billion of net outflows from lower-fee institutional index equity strategies, including $19 billion from a single international client
$1.1 trillion increase in AUM year-over-year includes $307 billion of net inflows, positive across ETFs, active, and cash management
