Invesco Ltd. (IVZ - Free Report) announced its preliminary month-end assets under management (“AUM”) for May 2016 which came in at $791.1 billion, up 0.9% from $783.7 billion recorded in the prior month.
The rise was driven by favorable market returns, net long-term inflows and improved money market AUM. However, these positives were partly offset by unfavorable foreign exchange impact of $2.9 billion and outflows in PowerShares QQQ.
Notably, Invesco’s preliminary average total AUM for the quarter through May 31 was $782.2 billion, while preliminary average active AUM was $651.2 billion.
At May end, Invesco’s total Equity AUM inched up 0.5% from the prior month to $360.1 billion. Also, Fixed Income AUM came in at $194.5 billion, up 1% from $192.6 billion at the end of Apr 2016.
Moreover, Balanced AUM came in at $47.9 billion, relatively stable with the Apr 2016 level. Also, Alternatives AUM rose 0.4% from the preceding month to $113.1 billion. Further, money market AUM was recorded at $75.5 billion, up 4.6% from the prior month.
Apart from Invesco, another investment manager, Franklin Resources Inc. (BEN - Free Report) declared preliminary AUM of $737.3 billion by its subsidiaries for May 2016, reflecting a 1.3% fall from the prior month. Notably, Legg Mason, Inc. is expected to release preliminary AUM results for May 2016 within the next few days.
Currently, Invesco carries a Zacks Rank #3 (Hold). A better-ranked asset manager is SEI Investments Co. (SEIC - Free Report) , sporting a Zacks Rank #1 (Strong Buy).
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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.
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Invesco Ltd. (IVZ - Free Report) announced its preliminary month-end assets under management (“AUM”) for May 2016 which came in at $791.1 billion, up 0.9% from $783.7 billion recorded in the prior month.
The rise was driven by favorable market returns, net long-term inflows and improved money market AUM. However, these positives were partly offset by unfavorable foreign exchange impact of $2.9 billion and outflows in PowerShares QQQ.
Notably, Invesco’s preliminary average total AUM for the quarter through May 31 was $782.2 billion, while preliminary average active AUM was $651.2 billion.
At May end, Invesco’s total Equity AUM inched up 0.5% from the prior month to $360.1 billion. Also, Fixed Income AUM came in at $194.5 billion, up 1% from $192.6 billion at the end of Apr 2016.
Moreover, Balanced AUM came in at $47.9 billion, relatively stable with the Apr 2016 level. Also, Alternatives AUM rose 0.4% from the preceding month to $113.1 billion. Further, money market AUM was recorded at $75.5 billion, up 4.6% from the prior month.
Apart from Invesco, another investment manager, Franklin Resources Inc. (BEN - Free Report) declared preliminary AUM of $737.3 billion by its subsidiaries for May 2016, reflecting a 1.3% fall from the prior month. Notably, Legg Mason, Inc. is expected to release preliminary AUM results for May 2016 within the next few days.
Currently, Invesco carries a Zacks Rank #3 (Hold). A better-ranked asset manager is SEI Investments Co. (SEIC - Free Report) , sporting a Zacks Rank #1 (Strong Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
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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