Invesco (IVZ) had $2.447 trillion in assets under management as of the end of July, down from $2.470 trillion at the end of June, the company said Tuesday.

Invesco said unfavorable market returns negatively impacted AUM, reducing it by $59 billion.

The company reported $8.6 billion in net long-term inflows and $22.8 billion in net money market inflows in July.