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Invesco's (IVZ) April AUM Rises on Favorable Market Returns
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Invesco Ltd. (IVZ - Free Report) announced an increase in preliminary month-end assets under management (“AUM”) for Apr 2017. The company’s AUM came in at $841.4 billion, up marginally from $834.8 billion recorded in the prior month.
The rise was supported by favorable market returns, foreign exchange, and inflows into PowerShares QQQs, partially offset by lower Money Market AUM and modest net long-term outflows. Further, FX increased April AUM by $3.2 billion.
Invesco’s preliminary average total AUM for the quarter through Apr 30 was $835.7 billion while preliminary average active AUM was $681.8 billion.
At the end of the reported month, Invesco’s Equity AUM grew 1.4% from the prior month to $387.1 billion. Further, Fixed Income AUM of $206.0 billion rose 1.1% from $203.2 billion in Mar 2017.
Additionally, Balanced AUM came in at $49.9 billion, increasing 2.0% from Mar 2017. Further, Alternatives AUM rose nearly 1% from the preceding month to $128.4 billion. However, Money Market AUM was $70.0 billion, down 4.2% from the prior month.
In the last three months, shares of Invesco have gained 1.4%, outperforming the Zacks categorized Investment Management industry’s growth of 0.8%.
Apart from Invesco, another investment manager, Franklin Resources, Inc. (BEN - Free Report) , declared preliminary AUM of $741 billion by its subsidiaries for Apr 2017, a slight rise from the prior month. Legg Mason, Inc. is likely to come out with its Apr 2017 AUM data soon.
Currently, Invesco carries a Zacks Rank #3 (Hold).
A better-ranked stock in the same space is Lazard Ltd. (LAZ - Free Report) . The company’s shares have risen 14.1% in the last six months. The Zacks Consensus Estimate for the company for the current year was revised 4.4% upward, in the last 30 days. The stock currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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Invesco's (IVZ) April AUM Rises on Favorable Market Returns
Invesco Ltd. (IVZ - Free Report) announced an increase in preliminary month-end assets under management (“AUM”) for Apr 2017. The company’s AUM came in at $841.4 billion, up marginally from $834.8 billion recorded in the prior month.
The rise was supported by favorable market returns, foreign exchange, and inflows into PowerShares QQQs, partially offset by lower Money Market AUM and modest net long-term outflows. Further, FX increased April AUM by $3.2 billion.
Invesco’s preliminary average total AUM for the quarter through Apr 30 was $835.7 billion while preliminary average active AUM was $681.8 billion.
At the end of the reported month, Invesco’s Equity AUM grew 1.4% from the prior month to $387.1 billion. Further, Fixed Income AUM of $206.0 billion rose 1.1% from $203.2 billion in Mar 2017.
Additionally, Balanced AUM came in at $49.9 billion, increasing 2.0% from Mar 2017. Further, Alternatives AUM rose nearly 1% from the preceding month to $128.4 billion. However, Money Market AUM was $70.0 billion, down 4.2% from the prior month.
In the last three months, shares of Invesco have gained 1.4%, outperforming the Zacks categorized Investment Management industry’s growth of 0.8%.
Apart from Invesco, another investment manager, Franklin Resources, Inc. (BEN - Free Report) , declared preliminary AUM of $741 billion by its subsidiaries for Apr 2017, a slight rise from the prior month. Legg Mason, Inc. is likely to come out with its Apr 2017 AUM data soon.
Currently, Invesco carries a Zacks Rank #3 (Hold).
A better-ranked stock in the same space is Lazard Ltd. (LAZ - Free Report) . The company’s shares have risen 14.1% in the last six months. The Zacks Consensus Estimate for the company for the current year was revised 4.4% upward, in the last 30 days. The stock currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Looking for Ideas with Even Greater Upside?
Today's investment ideas are short-term, directly based on our proven 1 to 3 month indicator. In addition, I invite you to consider our long-term opportunities. These rare trades look to start fast with strong Zacks Ranks, but carry through with double and triple-digit profit potential. Starting now, you can look inside our home run, value, and stocks under $10 portfolios, plus more.
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