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Invesco???s February AUM Rises 1.4% on Net Long Term Inflows

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Invesco Ltd. (IVZ - Free Report) announced an increase in its preliminary month-end assets under management (“AUM”) for Feb 2017. The company’s AUM came in at $836.8 billion, up 1.4% from $825.3 billion recorded in the prior month.

This rise was supported by favorable market returns, net long-term inflows and increase in PowerShares QQQs, partly offset by a fall in money market AUM. However, there was an unfavorable FX impact of $1.6 billion.  

Additionally, Invesco’s preliminary average total AUM for the quarter through Feb 28 was $828.8 billion, while preliminary average active AUM was $678.7 billion.

At the end of February, Invesco’s total equity AUM grew 2.2% from the prior month to $379.6 billion. Further, fixed Income AUM of $203.2 billion rose 0.6% from the Jan 2017 level.

In addition, balanced AUM came in at $48.6 billion, increasing 1.5% from the Jan 2017 figure. Also, alternatives AUM increased nearly 2.1% from the preceding month to $127.4 billion. However, money market AUM was recorded at $78 billion, down 1.8% from the prior month.

The company’s total AUM has been witnessing consistent improvement. Over the last five years (2012–2016), its AUM has recorded a CAGR of 5.1%. Further, AUM is expected to benefit from the prevalent rally in the equity market since Trump’s victory. Also, the company has been capitalizing on growing demand for passive products and alternate asset classes, which were 17.8% and 15%, respectively, of total AUM as of Dec 31, 2016.

Apart from Invesco, another investment manager, Franklin Resources, Inc. (BEN - Free Report) , declared preliminary AUM of $738.2 billion by its subsidiaries for Feb 2017, a 1.3% rise from the prior month. Further, Legg Mason, Inc. is likely to come out with its Feb 2017 AUM data soon and Eaton Vance Corp. (EV - Free Report) will declare their AUM results at the end of first fiscal quarter ending March.

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