Back to top

Analyst Blog

Invesco Ltd. (IVZ - Analyst Report) recorded a rise in its preliminary month-end assets under management (AUM) for May. The AUM for the month was $751.8 billion, up 0.4% from $748.5 billion at the end of Apr 2013.

Favorable market returns and a moderately positive escalation in active and passive long-term inflows were the primary reasons for the rise. However, foreign exchange led to a $4.7 billion decline in AUM. At the end of May, Invesco’s average assets stood at $745.6 billion, while the total value of average active assets was $619.1 billion.

In May, Invesco’s preliminary active AUM was $622.6 billion, reflecting a 0.3% jump from the prior month. As of May 31, 2013, active AUM included $21.7 billion of balanced and $0.5 billion of equity AUM related to Atlantic Trust – to be sold to Canadian Imperial Bank of Commerce (CM - Snapshot Report) for $210 million. Further, preliminary passive AUM was $129.2 billion, witnessing a 1.3% increase from the prior-month level.

At May end, Invesco’s total equity AUM rose 1.3% to $331.1 billion from $326.7 billion recorded at the end of Apr 2013. However, fixed income AUM decreased 0.6% from the prior month to $178.0 billion.

Moreover, Invesco’s balanced AUM advanced 0.5% to $73.5 billion. Its money market AUM amounted to $82.7 billion, rising 1.1% from the previous month. However, alternatives AUM came in at $86.5 billion in the reported month, falling 1.5% from the prior-month level.

Among other investment managers, Franklin Resources Inc. (BEN - Analyst Report) announced preliminary AUM of $846.5 billion by its subsidiaries for May, down 0.1% from the prior month. Another investment manager Legg Mason Inc. (LM - Analyst Report) is expected to announce preliminary AUM for May by the middle of this month.

Invesco is comfortably positioned due to its broad diversification strategy. Owing to this, the company will benefit from enhanced global investment flows. However, the unstable U.S. dollar, volatile capital market and a sluggish economic recovery, along with stiff competition, remain concerns.

Currently, Invesco carries a Zacks Rank # 2 (Buy).

Please login to or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research


Are you a new Zacks Member or a visitor to

Top Zacks Features

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
UTD THERAPE… UTHR 117.83 +28.51%
TRIQUINT SE… TQNT 20.67 +6.52%
RF MICRO DE… RFMD 12.47 +6.04%
VASCO DATA… VDSI 14.77 +4.68%
BANCO DO BR… BDORY 15.53 +3.95%