Back to top

Analyst Blog

Invesco Ltd. (IVZ - Analyst Report) reported a rise in preliminary month-end assets under management (:AUM) for May 2014. The AUM for the month was $790.1 billion, up 1.4% from $779.4 billion at the end of Apr 2014.

Net long-term inflows, positive flows in PowerShares QQQ’s shares and favorable market returns were the primary reasons behind the improvement. However, foreign exchange led to a $0.6 billion drop in AUM. In May, Invesco's preliminary average total AUM was $780.6 billion and preliminary average active AUM was $640.1 billion.

At May end, Invesco's total equity AUM climbed 2.1% from the prior month to $386.4 billion. Further, balanced AUM was $51.1 billion, up 2.6% from $49.8 billion at the end of Apr 2014.

Invesco's fixed income AUM edged up 0.7% from the prior month to $180.3 billion. Alternative AUM came in at $95.3 billion, inching up 0.8% from the previous month. However, the company's money market AUM declined 1.0% from Apr 2014 level to $77.0 billion.

Among other investment managers, Franklin Resources Inc. (BEN - Analyst Report) announced preliminary AUM of $908.3 billion by its subsidiaries for May 2014, marking a 1.4% rise from $895.4 billion as of Apr 2014. Additionally, Legg Mason Inc. (LM - Analyst Report) is expected to report preliminary AUM for May 2014 later this week.

Driven by cost-control initiatives, Invesco's operating leverage is likely to improve significantly over the long term. Further, rebound in the equity market and improvement in global investment flows will act as catalysts. Even so, the company's high debt level and rising expenses remain matters of concern.

Currently, Invesco carries a Zacks Rank #3 (Hold). A better-ranked asset manager is Cohen & Steers Inc. (CNS - Snapshot Report) sporting a Zacks Rank #1 (Strong 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%