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Franklin Resources, Inc. (BEN) - free report >>
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Invesco (IVZ) March AUM Rises 2% on Upbeat Markets & Inflows
Invesco (IVZ - Free Report) has announced preliminary assets under management (AUM) for March 2024. The company’s month-end AUM of $1.66 trillion represented a 2% rise from the previous month.
IVZ delivered net long-term inflows of $2.8 billion in March. Non-management fee-earning net inflows were $1.8 billion and money market net outflows were $1.5 billion.
Additionally, Invesco’s AUM was positively impacted by favorable market returns, which raised its AUM by $29 billion. However, FX affected the AUM balance by $1.1 billion.
Invesco’s preliminary average total AUM in the quarter through Mar 31 was $1.61 trillion, and the preliminary average active AUM came in at $981 billion.
At the end of March, IVZ’s Equity AUM was $901.9 billion, rising 3.4% from the previous month. Also, the Fixed Income AUM of $326.8 billion increased 0.5% sequentially.
Invesco’s Balanced AUM for March was $62 billion, up 1% from February 2024-end. The Alternatives AUM increased 0.6% to $178.8 billion. However, the Money Market AUM declined 0.8% from the prior-month end to $193.2 billion.
Several macroeconomic headwinds have been leading to a volatile trend in net flows, which, along with a tough operating environment, might hurt Invesco’s top line in the near term. Yet, synergies from buyouts, diverse product offerings and alternative investment strategies, the company's global presence, and a solid AUM balance will likely keep aiding it.
Competitive Landscape
Cohen & Steers, Inc. (CNS - Free Report) reported a preliminary AUM of $81.2 billion as of Mar 31, 2024. This reflected a rise of 2% from the prior month.
The increase was driven by market appreciation of $1.7 billion and net inflows of $183 million, partially offset by distributions of $298 million.
Franklin Resources, Inc. (BEN - Free Report) reported a preliminary month-end AUM of $1.64 trillion as of Mar 31, 2024. This reflected an increase of 1.2% from the prior month.
The increase in BEN’s AUM balance was driven by favorable market returns and long-term net inflows, inclusive of $8.1 billion related to Great-West Lifeco.