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Invesco February AUM Declines on Unfavorable Market & Outflows
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Invesco (IVZ - Free Report) announced its assets under management (AUM) for February 2020. The company’s preliminary month-end AUM of $1,159.4 billion represents a decline of 4.9% from the previous month.
The decline was due to unfavorable market returns, net long-term outflows and net outflows in money market AUM, partly offset by net inflows in non-management fee earning AUM and reinvested distributions. Also, unfavorable foreign-exchange movement resulted in a fall in the monthly AUM by $3.9 billion.
Invesco’s preliminary average total AUM for the quarter through February was $1,228.9 billion, while preliminary average active AUM totaled $925 billion.
At the end of the reported month, the company’s Equity AUM decreased 8.3% from the prior month to $537.8 billion. Balanced AUM for February was $62.5 billion, down 6.6% sequentially.
Also, Alternatives AUM fell 3.8% from the prior month to $177.4 billion. Further, Money Market AUM declined 2.1% from the prior month to $91.5 billion. However, Fixed Income AUM of $290.2 billion increased marginally from the previous month.
Improving AUM balance, strategic acquisitions and increasing global presence augur well for the company’s prospects.
Shares of Invesco have lost 34.3% in the past year compared with a 20.8% decline recorded by the industry.
Interactive Brokers (IBKR - Free Report) released its Electronic Brokerage segment’s performance metrics for February 2020. The segment reported an increase in Daily Average Revenue Trades (DARTs). Total client DARTs were 1,346,000, rising 32% from January 2020 and 63% from February 2019.
Cohen & Steers (CNS - Free Report) reported preliminary AUM of $69.3 billion as of Feb 29, 2020, down 5.5% from the prior-month level. Market depreciation of $4.4 billion and distributions of $194 million were partially offset by net inflows of $593 million.
Franklin Resources (BEN - Free Report) reported a fall in preliminary month-end AUM balance. The company’s AUM balance as of Feb 29, 2020, declined 4.6% sequentially to $656.5 billion. The decrease was largely due to sharp market declines.
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Invesco February AUM Declines on Unfavorable Market & Outflows
Invesco (IVZ - Free Report) announced its assets under management (AUM) for February 2020. The company’s preliminary month-end AUM of $1,159.4 billion represents a decline of 4.9% from the previous month.
The decline was due to unfavorable market returns, net long-term outflows and net outflows in money market AUM, partly offset by net inflows in non-management fee earning AUM and reinvested distributions. Also, unfavorable foreign-exchange movement resulted in a fall in the monthly AUM by $3.9 billion.
Invesco’s preliminary average total AUM for the quarter through February was $1,228.9 billion, while preliminary average active AUM totaled $925 billion.
At the end of the reported month, the company’s Equity AUM decreased 8.3% from the prior month to $537.8 billion. Balanced AUM for February was $62.5 billion, down 6.6% sequentially.
Also, Alternatives AUM fell 3.8% from the prior month to $177.4 billion. Further, Money Market AUM declined 2.1% from the prior month to $91.5 billion. However, Fixed Income AUM of $290.2 billion increased marginally from the previous month.
Improving AUM balance, strategic acquisitions and increasing global presence augur well for the company’s prospects.
Shares of Invesco have lost 34.3% in the past year compared with a 20.8% decline recorded by the industry.
Currently, the company carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Performance of Other Asset Managers
Interactive Brokers (IBKR - Free Report) released its Electronic Brokerage segment’s performance metrics for February 2020. The segment reported an increase in Daily Average Revenue Trades (DARTs). Total client DARTs were 1,346,000, rising 32% from January 2020 and 63% from February 2019.
Cohen & Steers (CNS - Free Report) reported preliminary AUM of $69.3 billion as of Feb 29, 2020, down 5.5% from the prior-month level. Market depreciation of $4.4 billion and distributions of $194 million were partially offset by net inflows of $593 million.
Franklin Resources (BEN - Free Report) reported a fall in preliminary month-end AUM balance. The company’s AUM balance as of Feb 29, 2020, declined 4.6% sequentially to $656.5 billion. The decrease was largely due to sharp market declines.
The Hottest Tech Mega-Trend of All
Last year, it generated $24 billion in global revenues. By 2020, it's predicted to blast through the roof to $77.6 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
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