Back to top

Analyst Blog

This page is temporarily not available.  Please check later as it should be available shortly. If you have any questions, please email customer support at support@zacks.com or call 800-767-3771 ext.  9339.

Invesco Ltd. (IVZ - Analyst Report) reported a rise in its preliminary month-end assets under management (AUM) for Jul 2013. The AUM for the month was $729.4 billion, up 3.4% from $705.6 billion at the end of Jun 2013.

Favorable market returns, increase in money market AUM and positive long-term inflows were the primary reasons for the rise. Additionally, foreign exchange led to a $0.9 billion increase in AUM.

In July, Invesco’s preliminary active AUM was $600.8 billion, up 3.2% from the prior month. Likewise, preliminary passive AUM grew 4.0% from Jun 2013 to $128.6 billion.

At the end of July, Invesco’s total equity AUM jumped 5.7% to $339.8 billion from $321.4 billion at the end of Jun 2013. However, fixed income AUM dropped 0.5% from the prior month to $172.2 billion.

Further, Invesco’s balanced AUM rose 3.8% to $51.6 billion in July. Its money market AUM totaled $80.6 billion, increasing 3.6% from the previous month. Moreover, alternative AUM came in at $85.2 billion in the reported month, rising 1.9% from the prior-month level.

Notably, all the figures have been adjusted by excluding Atlantic Trust’s balanced and equity AUM of $21.9 billion and $0.5 billion, respectively. The latter is to be sold to Canadian Imperial Bank of Commerce (CM - Snapshot Report) for $210 million.

Among other investment managers, Franklin Resources Inc. (BEN - Analyst Report) announced preliminary AUM of $834.1 billion by its subsidiaries for July, up 2.3% from the prior month. Similarly, for Legg Mason Inc. (LM - Analyst Report) preliminary AUM was $656 billion for July, increasing 1.8% from the last month.

We expect Invesco’s cost-control initiatives to improve its operating leverage significantly over the long term. Additionally, meaningful capital deployment activities continue to enhance shareholder value.

However, the volatile U.S. dollar, high debt levels and rising expenses remain plausible concerns. Overall, Invesco is poised to benefit from improved global investment flows, given its broad diversification.

Currently, Invesco carries a Zacks Rank #4 (Sell).

Please login to Zacks.com or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research

Close

Are you a new Zacks Member or a visitor to Zacks.com?

Top Zacks Features

Learn more

Start for as little as $4.50 per trade.

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 Zacks.com. 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
DIXIE GRP IN DXYN 15.84 +7.90%
BOFI HLDG IN BOFI 85.30 +4.97%
RAMBUS INC RMBS 12.31 +4.41%
VIPSHOP HOLD VIPS 148.73 +4.35%
NETFLIX INC NFLX 345.74 +4.32%