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's (IVZ) November AUM Up on Favorable FX, Inflows
Read MoreHide Full Article
Invesco Ltd. (IVZ - Free Report) announced an increase in its preliminary month-end assets under management (AUM) for November 2017. The company’s AUM came in at $937.6 billion, a rise of 1% from the prior month.
The rise reflected favorable market returns and inflows in PowerShares QQQs. Also, FX increased November AUM by $3.4 billion. However, these were partially offset by a decline in Money Market AUM and net long-term outflows.
Invesco’s preliminary average total AUM for the quarter through Nov 30 was $927.4 billion, while preliminary average active AUM was $731.9 billion.
At the end of the reported month, Invesco’s Equity AUM grew 1.5% from the prior month to $429.8 billion. Further, Fixed Income AUM of $225.6 billion increased marginally from the October 2017 level.
Additionally, Balanced AUM came in at $56.8 billion, rising 2.9% from the prior month. Also, Alternatives AUM increased 1.6% from the preceding month to $142.8 billion. However, Money Market AUM was $82.6 billion, decreasing 1.7% from last month.
While the company is witnessing a rise in AUM that will support revenue growth, an overall challenging operating environment seems to be weighing on investors’ mind. So far this year, shares of Invesco have gained 23.2%, underperforming the industry’s rally of 31.7%.
Apart from Invesco, another investment manager, Franklin Resources, Inc. (BEN - Free Report) declared preliminary AUM of $753.2 billion by its subsidiaries for November 2017, reflecting a slight rise 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.
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Image: Bigstock
Invesco's (IVZ) November AUM Up on Favorable FX, Inflows
Invesco Ltd. (IVZ - Free Report) announced an increase in its preliminary month-end assets under management (AUM) for November 2017. The company’s AUM came in at $937.6 billion, a rise of 1% from the prior month.
The rise reflected favorable market returns and inflows in PowerShares QQQs. Also, FX increased November AUM by $3.4 billion. However, these were partially offset by a decline in Money Market AUM and net long-term outflows.
Invesco’s preliminary average total AUM for the quarter through Nov 30 was $927.4 billion, while preliminary average active AUM was $731.9 billion.
At the end of the reported month, Invesco’s Equity AUM grew 1.5% from the prior month to $429.8 billion. Further, Fixed Income AUM of $225.6 billion increased marginally from the October 2017 level.
Additionally, Balanced AUM came in at $56.8 billion, rising 2.9% from the prior month. Also, Alternatives AUM increased 1.6% from the preceding month to $142.8 billion. However, Money Market AUM was $82.6 billion, decreasing 1.7% from last month.
While the company is witnessing a rise in AUM that will support revenue growth, an overall challenging operating environment seems to be weighing on investors’ mind. So far this year, shares of Invesco have gained 23.2%, underperforming the industry’s rally of 31.7%.
Apart from Invesco, another investment manager, Franklin Resources, Inc. (BEN - Free Report) declared preliminary AUM of $753.2 billion by its subsidiaries for November 2017, reflecting a slight rise 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 #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>