Invesco Ltd. (IVZ Quick QuoteIVZ - Free Report) announced its preliminary month-end assets under management (“AUM”) for Jul 2016. The company’s AUM came in at $811.8 billion, a rise of 4.1% from $779.6 billion recorded in the prior month.

The increase was driven by favorable market returns, net long-term inflows, improved money market AUM and inflows in PowerShares QQQ. However, these positives were partly offset by unfavorable foreign exchange impact of $0.6 billion.

Additionally, Invesco’s preliminary average total AUM for the quarter through Jul 31 was $799.4 billion, while preliminary average active AUM was $662.2 billion.

At July-end, Invesco’s total Equity AUM grew 5.1% from the prior month to $366.6 billion. Moreover, Fixed Income AUM came in at $202.7 billion, up 3.3% from $196.3 billion at the end of Jun 2016.

Additionally, Balanced AUM came in at $48.3 billion, up 1.9% from $47.4 billion recorded in Jun 2016. Also, Alternatives AUM rose 2.8% from the preceding month to $119.2 billion. Further, money market AUM was recorded at $75.0 billion, up 5.5% from the preceding month.

Apart from Invesco, another investment manager, Franklin Resources Inc. (BEN Quick QuoteBEN - Free Report) , declared preliminary AUM of $739.9 billion by its subsidiaries for Jul 2016, a 1.1% rise from the prior month. Notably, Legg Mason, Inc. is expected to release preliminary AUM results for Jul 2016 later this week.

Currently, Invesco carries a Zacks Rank #4 (Sell). A better-ranked asset manager is Apollo Global Management, LLC (APO Quick QuoteAPO - Free Report) , holding a Zacks Rank #2 (Buy).

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