Back to top

Analyst Blog

Invesco Ltd. (IVZ - Analyst Report) reported a slight rise in its preliminary month-end assets under management (AUM) for Nov 2013. The AUM for the month was $767.3 billion, up from $763.9 billion at the end of Oct 2013.

Favorable market returns and positive long-term net flows primarily aided the growth. Moreover, foreign exchange led to a $1.1 billion increase in AUM. In November, Invesco’s preliminary average AUM was $757.2 billion and preliminary average active AUM was $624.4 billion.

At the end of November, Invesco’s total equity AUM increased 2.2% to $374.3 billion from $366.2 billion at the end of Oct 2013. However, fixed income AUM slipped marginally from the prior month to $173.2 billion.

Invesco’s balanced AUM was $54.0 billion, in line with prior-quarter figure. The company’s money market AUM totaled $78.4 billion, down 3.9% from the previous month. Also, alternative AUM came in at $87.4 billion in the reported month, decreasing by almost 1.0% from the prior-month level.

Notably, all the figures have been adjusted by excluding Atlantic Trust’s balanced AUM and equity AUM of $23.2 billion and $0.6 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 $870.6 billion by its subsidiaries for Nov 2013, up slightly from $869.0 billion as of Oct 31, 2013 and rising 13.2% from $768.8 billion as of Nov 30, 2012. Further, Legg Mason Inc. (LM - Analyst Report) is expected to release its preliminary AUM later this week.

Invesco’s operating leverage will likely improve significantly over the long term due to the company’s cost-control initiatives. Further, the rebound in the equity market will act as a catalyst.

However, the company’s high debt levels and rising expenses remain concerns. Nevertheless, given Invesco’s diversified footprint, it is poised to benefit from improvement in global investment flows.

Currently, Invesco carries a Zacks Rank #3 (Hold).

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
QIHOO 360 T… QIHU 95.04 +4.95%
PILGRIM'S P… PPC 31.52 +3.72%
CLAYTON WIL… CWEI 138.97 +3.55%
CALLON PETE… CPE 11.50 +3.14%
ACTELION LT… ALIOF 124.80 +2.97%