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Invesco (IVZ) May AUM Up 3.2% on Upbeat Markets & Inflows
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Invesco (IVZ - Free Report) has announced assets under management (AUM) for May 2021. The company’s preliminary month-end AUM of $1,505.1 billion represents an increase of 3.2% from the prior month.
The rise was largely driven by favorable market returns, which raised the company’s AUM by $10 billion. Further, Invesco witnessed total net inflows of $31.9 billion in May. Also, FX increased AUM by $4.3 billion.
Moreover, Invesco recorded net long-term inflows of $22.1 billion, which included $17 billion in funding of large institutional passive mandate in Asia Pacific. Money market net inflows were $9.1 billion in May 2021, and non-management fee-earning net inflows were $0.7 billion.
Invesco’s preliminary average total AUM in the quarter through May 31 was $1,461.5 billion and preliminary average active AUM summed $1,040.1 billion.
At the end of the reported month, the company’s Equity AUM was $779.2 billion, up 2.9% from the previous month. Also, Money Market AUM grew 7.8% to $133.4 billion. Alternatives AUM rose 3.4% sequentially to $188.4 billion.
Further, Balanced AUM for May was $89.4 billion, increasing 2.4% from April 2021 end. Moreover, Fixed Income AUM of $314.7 billion was up 2.1%.
Invesco’s global presence, solid AUM balance and initiatives to capitalize on investors’ demand for different investment strategies poise it well for the future.
Shares of the company have surged 60.7% over the past six months, outperforming 26% growth of the industry it belongs to.
Cohen & Steers (CNS - Free Report) has reported preliminary AUM of $94.2 billion as of May 31, 2021, which reflects an increase of 1.5% from the prior-month level. Net inflows of $760 million and market appreciation of $815 million were partially offset by distributions of $201 million.
Franklin Resources (BEN - Free Report) reported preliminary AUM of $1,543.5 billion for May 2021. This reflected almost 1% growth from the $1,529.3 billion recorded as of Apr 30, 2021.
AllianceBernstein Holding (AB - Free Report) announced preliminary AUM balance of $731 billion during May 2021. The reflected an increase of 1% mainly driven by net inflows and market appreciation.
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Invesco (IVZ) May AUM Up 3.2% on Upbeat Markets & Inflows
Invesco (IVZ - Free Report) has announced assets under management (AUM) for May 2021. The company’s preliminary month-end AUM of $1,505.1 billion represents an increase of 3.2% from the prior month.
The rise was largely driven by favorable market returns, which raised the company’s AUM by $10 billion. Further, Invesco witnessed total net inflows of $31.9 billion in May. Also, FX increased AUM by $4.3 billion.
Moreover, Invesco recorded net long-term inflows of $22.1 billion, which included $17 billion in funding of large institutional passive mandate in Asia Pacific. Money market net inflows were $9.1 billion in May 2021, and non-management fee-earning net inflows were $0.7 billion.
Invesco’s preliminary average total AUM in the quarter through May 31 was $1,461.5 billion and preliminary average active AUM summed $1,040.1 billion.
At the end of the reported month, the company’s Equity AUM was $779.2 billion, up 2.9% from the previous month. Also, Money Market AUM grew 7.8% to $133.4 billion. Alternatives AUM rose 3.4% sequentially to $188.4 billion.
Further, Balanced AUM for May was $89.4 billion, increasing 2.4% from April 2021 end. Moreover, Fixed Income AUM of $314.7 billion was up 2.1%.
Invesco’s global presence, solid AUM balance and initiatives to capitalize on investors’ demand for different investment strategies poise it well for the future.
Shares of the company have surged 60.7% over the past six months, outperforming 26% growth of the industry it belongs to.
Currently, Invesco carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Performance of Other Asset Managers
Cohen & Steers (CNS - Free Report) has reported preliminary AUM of $94.2 billion as of May 31, 2021, which reflects an increase of 1.5% from the prior-month level. Net inflows of $760 million and market appreciation of $815 million were partially offset by distributions of $201 million.
Franklin Resources (BEN - Free Report) reported preliminary AUM of $1,543.5 billion for May 2021. This reflected almost 1% growth from the $1,529.3 billion recorded as of Apr 30, 2021.
AllianceBernstein Holding (AB - Free Report) announced preliminary AUM balance of $731 billion during May 2021. The reflected an increase of 1% mainly driven by net inflows and market appreciation.
Bitcoin, Like the Internet Itself, Could Change Everything
Blockchain and cryptocurrency has sparked one of the most exciting discussion topics of a generation. Some call it the “Internet of Money” and predict it could change the way money works forever. If true, it could do to banks what Netflix did to Blockbuster and Amazon did to Sears. Experts agree we’re still in the early stages of this technology, and as it grows, it will create several investing opportunities.
Zacks’ has just revealed 3 companies that can help investors capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly.
See 3 crypto-related stocks now >>