Invesco provides investment management services to retail (71% of managed assets) and institutional (29%) clients. At the end of September 2019, the firm had $1.1184 trillion in assets under management spread out among its equity (47% of AUM), balanced (5%), fixed-income (24%), alternative investment (16%), and money market (8%) operations. Passive products accounted for 23% of Invesco's total AUM--35% of the company's equity operations and 22% of its fixed-income platform--at the end of the third quarter. Invesco's U.S. retail business is one of the 10 largest nonproprietary fund complexes in the country. The firm also has a meaningful presence outside of the U.S., with close to 30% of its total AUM sourced from Canada (2%), the U.K. (6%), continental Europe (11%), and Asia (10%).