Invesco (IVZ - Free Report) has announced assets under management (AUM) for September 2020. The company’s preliminary month-end AUM of $1,218.2 billion represents a 2.2% decrease from the previous month.
This was mainly due to unfavorable market returns, which affected the bank’s AUM by $25 billion. Moreover, FX decreased the AUM by $3.1 billion.
Overall net long-term inflows were $1.4 billion. Further, non-management fee earning net inflows came in at $2.1 billion and money market net outflows were $4.2 billion.
Invesco’s preliminary average total AUM for the quarter through Sep 30 was $1,206.2 billion and preliminary average active AUM summed $898.4 billion.
At the end of the reported month, the company’s Equity AUM slid 3.3% from the prior month to $592.4 billion. Balanced AUM for September was $68.1 billion, down 1.4% sequentially.
Alternatives AUM declined 2.2% from the prior month to $172 billion. Moreover, Money Market AUM decreased 3.4% from the previous month to $109.3 billion. However, Fixed Income AUM of $276.4 billion rose marginally from August.
Invesco’s global presence and solid AUM balance augur well for its growth prospects. Nonetheless, lower interest rates and a tough operating backdrop are key concerns.
Shares of the company have declined 8.7% in the past year, as against the 19.7% growth registered by the industry.
Currently, Invesco 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
Cohen & Steers, Inc. (CNS - Free Report) reported preliminary AUM of $70.5 billion as of Sep 30, 2020, which decreased 2.2% from the prior month. Market depreciation of $1.2 billion, net outflows of $24 million and distributions outflow of $303 million resulted in this AUM decline.
AllianceBernstein Holding L.P.’s (AB - Free Report) preliminary month-end AUM balance as of Sep 30, edged down 1.9% sequentially to $631 billion. This was largely due to the weak market performance and higher net outflows.
Lazard Ltd’s (LAZ - Free Report) preliminary month-end AUM balance as of Sep 30, 2020 decreased 1.9% sequentially to $227.8 billion. This largely resulted from the fall in Equity AUM and Fixed Income AUM.
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Invesco (IVZ - Free Report) has announced assets under management (AUM) for September 2020. The company’s preliminary month-end AUM of $1,218.2 billion represents a 2.2% decrease from the previous month.
This was mainly due to unfavorable market returns, which affected the bank’s AUM by $25 billion. Moreover, FX decreased the AUM by $3.1 billion.
Overall net long-term inflows were $1.4 billion. Further, non-management fee earning net inflows came in at $2.1 billion and money market net outflows were $4.2 billion.
Invesco’s preliminary average total AUM for the quarter through Sep 30 was $1,206.2 billion and preliminary average active AUM summed $898.4 billion.
At the end of the reported month, the company’s Equity AUM slid 3.3% from the prior month to $592.4 billion. Balanced AUM for September was $68.1 billion, down 1.4% sequentially.
Alternatives AUM declined 2.2% from the prior month to $172 billion. Moreover, Money Market AUM decreased 3.4% from the previous month to $109.3 billion. However, Fixed Income AUM of $276.4 billion rose marginally from August.
Invesco’s global presence and solid AUM balance augur well for its growth prospects. Nonetheless, lower interest rates and a tough operating backdrop are key concerns.
Shares of the company have declined 8.7% in the past year, as against the 19.7% growth registered by the industry.
Currently, Invesco 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
Cohen & Steers, Inc. (CNS - Free Report) reported preliminary AUM of $70.5 billion as of Sep 30, 2020, which decreased 2.2% from the prior month. Market depreciation of $1.2 billion, net outflows of $24 million and distributions outflow of $303 million resulted in this AUM decline.
AllianceBernstein Holding L.P.’s (AB - Free Report) preliminary month-end AUM balance as of Sep 30, edged down 1.9% sequentially to $631 billion. This was largely due to the weak market performance and higher net outflows.
Lazard Ltd’s (LAZ - Free Report) preliminary month-end AUM balance as of Sep 30, 2020 decreased 1.9% sequentially to $227.8 billion. This largely resulted from the fall in Equity AUM and Fixed Income AUM.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by referendums and legislation, this industry is expected to blast from an already robust $17.7 billion in 2019 to a staggering $73.6 billion by 2027. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot stocks we're targeting >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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