We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Invesco September AUM Up 1.2% on Higher Money Market Assets
Read MoreHide Full Article
Invesco Ltd. (IVZ - Free Report) announced an increase in its preliminary month-end assets under management (AUM) for September 2017. The company’s AUM came in at $917.5 billion, a rise of 1.2% from $906.7 billion in the prior month.
The rise reflected favorable market returns, an increase in Money Market AUM and net long-term inflows, partially offset by outflows in PowerShares QQQs. Moreover, FX increased September AUM by $3.5 billion.
Invesco’s preliminary average total AUM for the quarter through Sep 30 was $890.8 billion, while preliminary average active AUM was $717 billion.
At the end of the reported month, Invesco’s Equity AUM grew nearly 2% from the prior month to $416.2 billion. Also, Money Market AUM was $81.9 billion, increasing marginally from last month.
Further, Fixed Income AUM of $224.5 billion increased nearly 1% from the August 2017 level. Additionally, Alternatives AUM grew 1% from the preceding month to $140.7 billion. However, balanced AUM came in at $54.2 billion, decreasing marginally from August 2017.
While the company is witnessing a rise in AUM, an overall challenging operating environment seems to be weighing on investors’ mind. So far this year, shares of Invesco have gained 18.9%, underperforming the industry’s rally of 24.7%.
Apart from Invesco, another investment manager, Franklin Resources, Inc. (BEN - Free Report) declared preliminary AUM of $753.2 billion by its subsidiaries for September 2017, reflecting an increase of 1% from the prior month. Legg Mason, Inc. and T. Rowe Price Group, Inc. (TROW - Free Report) are likely to come up with their monthly AUM figures in the coming days.
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Image: Bigstock
Invesco September AUM Up 1.2% on Higher Money Market Assets
Invesco Ltd. (IVZ - Free Report) announced an increase in its preliminary month-end assets under management (AUM) for September 2017. The company’s AUM came in at $917.5 billion, a rise of 1.2% from $906.7 billion in the prior month.
.jpg)
The rise reflected favorable market returns, an increase in Money Market AUM and net long-term inflows, partially offset by outflows in PowerShares QQQs. Moreover, FX increased September AUM by $3.5 billion.
Invesco’s preliminary average total AUM for the quarter through Sep 30 was $890.8 billion, while preliminary average active AUM was $717 billion.
At the end of the reported month, Invesco’s Equity AUM grew nearly 2% from the prior month to $416.2 billion. Also, Money Market AUM was $81.9 billion, increasing marginally from last month.
Further, Fixed Income AUM of $224.5 billion increased nearly 1% from the August 2017 level. Additionally, Alternatives AUM grew 1% from the preceding month to $140.7 billion. However, balanced AUM came in at $54.2 billion, decreasing marginally from August 2017.
While the company is witnessing a rise in AUM, an overall challenging operating environment seems to be weighing on investors’ mind. So far this year, shares of Invesco have gained 18.9%, underperforming the industry’s rally of 24.7%.
Apart from Invesco, another investment manager, Franklin Resources, Inc. (BEN - Free Report) declared preliminary AUM of $753.2 billion by its subsidiaries for September 2017, reflecting an increase of 1% from the prior month. Legg Mason, Inc. and T. Rowe Price Group, Inc. (TROW - Free Report) are likely to come up with their monthly AUM figures in the coming days.
Currently, Invesco carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Click for details >>