Invesco Ltd Ratio of Earnings to Fixed Charges Exhibit 12.1

	Nine  months ended September  30, 2012			Year ended December 31,
				2011			2010			2009			2008			2007
Income before income taxes		669.4			908.1			833.8			357.5			657.0			1,243.8
Less: Equity in earnings of unconsolidated affiliates		(21.8	)		(30.5	)		(40.2	)		(27.0	)		(46.8	)		(48.1	)
Pre tax income before equity in earnings of unconsolidated affiliates		647.6			877.6			793.6			330.5			610.2			1,195.7
Add: Fixed Charges		54.6			80.8			76.4			81.7			93.3			90.5
Add: Amortization of capitalized interest		—			—			—			—			—			—
Add: Dividends from unconsolidated affiliates		14.7			21.3			26.0			28.3			29.8			1.8
Less: Interest capitalized		—			—			—			—			—			—
(Income)/loss attributable to noncontrolling interests in consolidated entities, net		59.1			107.7			(171.1	)		113.2			60.7			(212.9	)
Earnings		776.0			1,087.4			724.9			553.7			794.0			1,075.1
Fixed charges:
Portion of rent expense representing interest		15.0			19.0			17.7			17.2			16.4			19.2
Interest		39.6			61.8			58.6			64.5			76.9			71.3
Total fixed charges		54.6			80.8			76.3			81.7			93.3			90.5
Ratio of earnings/fixed charges		14.21			13.46			9.50			6.78			8.51			11.88